Assertion : Rekha bought a saree for 1240 and sold it for 1147. Her loss is 93.
Reason : If the selling price of an article is less than the cost price, then the difference between the cost price and the selling price is called profit.

Options

A. If both assertion and reason are true and reason is the correct explanation of assertion.
B. If both assertion and reason are true but reason is not the correct explanation of assertion.
C. If assertion is true but reason is false.
D. If assertion is false but reason is true.

Answer

To solve the question, we need to analyze both the assertion and the reason provided.

### Step 1: Understand the Assertion
The assertion states that Rekha bought a saree for Rs. 1240 and sold it for Rs. 1147, and her loss is Rs. 93.

- **Cost Price (CP)** = Rs. 1240
- **Selling Price (SP)** = Rs. 1147

### Step 2: Calculate the Loss
To find the loss, we use the formula:
\[ \text{Loss} = \text{Cost Price} - \text{Selling Price} \]
Substituting the values:
\[ \text{Loss} = 1240 - 1147 \]
Calculating the difference:
\[ \text{Loss} = 93 \]

### Conclusion for Assertion
The assertion is correct because Rekha's loss is indeed Rs. 93.

### Step 3: Understand the Reason
The reason states that if the selling price of an article is less than the cost price, then the difference between the cost price and the selling price is called profit.

This statement is incorrect. The correct terminology is that if the selling price is less than the cost price, the difference is called a **loss**, not profit.

### Conclusion for Reason
The reason is incorrect because it misdefines the term associated with the difference when the selling price is less than the cost price.

### Final Conclusion
- **Assertion**: True
- **Reason**: False