F THE CP OF SOFA IS RS 5380 AND RS 1840 IS SPENT ON NEW COVERS AND IT IS SOLD FOR RS 8,000 FIND PROFIT OR LOSS
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Loss of ₹220
Add CP of Sofa and money spent on new cover
=>₹5380+₹1840
=>₹8220
To find Profit or loss Subtract total SP from CP
=>₹8220-₹8000
=>₹220 (loss)
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