Two lamps cost ₹700 each in total and sell for ₹820 and ₹530; net result?
A₹120 profit
B₹170 loss
C₹50 loss
D₹50 profit
Answer & Solution
Correct answer: C. ₹50 loss
Total sales of ₹1,350 fall ₹50 short of the ₹1,400 total cost.
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