Question

If cost price= 3500 and selling price= 2750, find the gain or loss

Answer 1

Answer:

profit is 2750 loss is 750

Answer 2

Answer:

Cost price is the price which was bought by the seller

Cost price is 3500

Selling price is 2750

Loss when,

Cost price>selling price

Profit when,

Cost price <selling price

Here, cost price is more than selling price so loss

Amount of money loss=3500 - 2750=750 rupees

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