Question

Akash purchased a cycle for rs.3250 and sold it for 2375 after a year Did he make profit or loss and how much​

Answer 1

Answer:

Loss of ₹875.

Step-by-step explanation:

if my answer is correct then please tell me.

Answer 2

As per data given in the question,

We have to find the value of profit and loss when a cycle which is purchased for Rs. 3250 is sold in Rs. 2375.

As here,

Cost price of cycle = Rs. 3250

Selling price of cycle = Rs. 2375

As the SP of the cycle is less than the CP of the cycle.

So, there will be loss in this case.

So, loss = SP - CP

So,

$Loss = 3250 - 2375 = Rs. \: 875$