Question
Download Solution PDFA table was bought for Rs. 3,000 and sold for Rs. 3,200. Find the gain or loss in terms of money.
Answer (Detailed Solution Below)
Detailed Solution
Download Solution PDFGiven:
Cost price (C.P) = Rs.3000
Selling price (S.P) = Rs.3200
Formula used:
Profit (P) = S.P - C.P
Calculation:
Profit (P) = S.P - C.P
⇒ (3200 - 3000) = Rs.200
∴ The correct answer is Rs.200.
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