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Introduction to the Basic Terms in Buying and Selling

Amit bought a...

Question

Amit bought an article for ₹ 200 and sold it for ₹ 350. The profit in the transaction is ₹ .

A

50

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B

250

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C

550

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D

150

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Solution

The correct option is D 150
Profit = Selling Price - Cost Price = ₹ (350-200) = ₹ 150.

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