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Question
Mangai bought a cell phone for ₹ 12585. It fell down. She spent ₹ 500 on its repair. She sold it for ₹ 7500. Find her profit or loss
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Solution
Cost of the cell phone = ₹ 12,585
Spent on repairs = ₹ 500
Cost price = Cost of cell phone + repair charge
= 12,585 + 500
= ₹ 13,085
S.P. = 7,500
Here C.P. > S.P.
∴ It is loss
Loss = C.P. – S.P.
= 13,085 – 7500
= ₹ 5,585
Loss = ₹ 5,585
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