Profit and Loss – Recover selling price after a known absolute loss: Anita purchased a bicycle at a cost of ₹ 3200 and sold it at a loss of ₹ 240. At what price did she sell the bicycle?

Introduction / Context:
This problem uses an absolute loss amount to find the selling price directly.

Given Data / Assumptions:

• CP = ₹ 3200
• Loss (absolute) = ₹ 240

Concept / Approach:
SP = CP - Loss.

Step-by-Step Solution:
SP = 3200 - 240 = 2960

Verification / Alternative check:
Loss = 3200 - 2960 = 240, which matches the given condition.

Why Other Options Are Wrong:
2690, 3440, 3360, 2800 do not equal CP minus the stated loss.

Common Pitfalls:
Accidentally adding the loss to CP.

Final Answer:
₹ 2960