I bought a book for Rs. 100. Then I sold it off to a friend for Rs. 150. But after a while I felt sorry that I sold it and bought it back for Rs.190. How much loss (in Rs) did I incur?
Explanation:
The original cost price of the book is irrelevant.
Actual cost price of book to me is at which I bought it = Rs. 190.
Selling price of the book is = Rs.150.
Loss = CP - SP = 190 – 150 = Rs. 40
Loss = Rs. 40
Hence, option (d).
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