Muhammad Aslam bought a TV for Rs. 8000 and sold it for Rs. 7000. How much loss did he incur? - IQ786

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Muhammad Aslam bought a TV for Rs. 8000 and sold it for Rs. 7000. How much loss did he incur?

Muhammad Aslam bought a TV for Rs. 8000 and sold it for Rs. 7000. How much loss did he incur?

Rs.1000

Rs.2000

Rs.3000

Rs.4000

Explanation

$Loss = Cost Price - Selling Price$ $= 8000 - 7000 = 1000$