Question

A merchant bought a table for ₹8250 and spent ₹175 on its transportation. He

sold the table for ₹7500. Find its gain or loss?

Answer 1

Answer: The merchant lost 575 dollars or whatever you call them.

Explanation:

7500+175=7675

8250-7675= 575

Answer 2

Answer: Loss of 925

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Work Shown:

Total cost = 8250+175 = 8425

Total revenue = 7500

Profit = revenue - cost = 7500 - 8425 = -925

Profit = -925

The negative profit means the merchant lost money.