Profit and Loss – Recover selling price after a known absolute loss: Anita purchased a bicycle at a cost of ₹ 3200 and sold it at a loss of ₹ 240. At what price did she sell the bicycle?
Aptitude
Profit and Loss
Difficulty: Easy
Choose an option
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A₹ 2960
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B₹ 2690
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C₹ 3440
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D₹ 3360
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E₹ 2800
Answer
Correct Answer: ₹ 2960
Explanation
Introduction / Context:This problem uses an absolute loss amount to find the selling price directly.
Given Data / Assumptions:
- CP = ₹ 3200
- Loss (absolute) = ₹ 240
Concept / Approach:SP = CP - Loss.
Step-by-Step Solution:SP = 3200 - 240 = 2960
Verification / Alternative check:Loss = 3200 - 2960 = 240, which matches the given condition.
Why Other Options Are Wrong:2690, 3440, 3360, 2800 do not equal CP minus the stated loss.
Common Pitfalls:Accidentally adding the loss to CP.
Final Answer:₹ 2960