Question

Mohan bought
a second-hand scooter for ₹ 21,700, He
spent ₹540 on its repair, He then sold it for a₹ 14,000.
Find the profit or loss.​

Answer 1

Answer:

A loss of Rs 8240

Step-by-step explanation:

Cost Price = 21,700

Overhead expense =  540

Total C.P. = 22,240

Selling Price = 14,000

Since C.P. > S.P it is loss

Loss = C.P - S.P

        = Rs 8240

Answer 2

Answer:

loss = rupees 8240

Step-by-step explanation:

profit or loss = selling price - cost price

sp= rupees  14,000

cp= rupees 22,240

profit or loss= 14000-22240

loss= 8240

loss has occured because sp is lesser than cp