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Profit and Loss

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  1. Anita purchased a bicycle at cost of ₹ 3200. She sold it at a loss of ₹ 240. At what price did she sell the bicycle ?
    1. ₹ 2960
    2. ₹ 2690
    3. ₹ 3440
    4. ₹ 3360
    5. None of the above
Correct Option: A

We know that
Loss = CP - SP
240 = 3200 - SP
∴ SP = 3200 - 240 = ₹ 2960


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