Question

4. A book was bought for a Rs 260 and sold for Rs 75. What was the
profit or loss
a. Gain Rs 15 b. Loss Rs 15 e. Both d. Profit Rs 25​

Answer 1

Answer:

a. Gain Rs 15 is the answer

Answer 2

Answer:

Rs 185, no option is correct for the given data.

Step-by-step explanation:

Given:

Cost price = Rs 260

Selling price = Rs 75

Now,

Gain = CP > SP and loss = CP < SP

Here

260 > 75

Therefore,

Gain = CP - SP = 260 - 75 = Rs 185

Gain percentage = (Gain/CP) × 100 = 18500/260 = 71.153846153846....

                                                          ≈ 71.154 %