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Question
A man bought a guitar for ₹ 2700. He sold that guitar for ₹ 3700. How much profit does he made?
A man bought a guitar for ₹ 2700. He sold that guitar for ₹ 3700. How much profit does he made?
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Solution
The correct option is B ₹ 1000
Amount spent on buying the guitar
= ₹ 2700
Amount received by selling the guitar = ₹ 3700
Since the selling price is greater than the orginal price, he made a profit.
Profit
= Amount recieved - Amount spend
= ₹ 3700 - ₹ 2700 = ₹ 1000
Amount spent on buying the guitar
= ₹ 2700
Amount received by selling the guitar = ₹ 3700
Since the selling price is greater than the orginal price, he made a profit.
Profit
= Amount recieved - Amount spend
= ₹ 3700 - ₹ 2700 = ₹ 1000
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