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Amy buys plat...

Question

Amy buys plates for ₹ 120, spoons for ₹ 60, bhel for ₹350 and sweets for ₹ 175. She earned ₹1000 by selling her bhel and sweets. What was her profit/ loss?

A

₹295 profit

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B

₹395 profit

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C

₹ 295 loss

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D

₹195 loss

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Solution

The correct option is A ₹295 profit
Total money spent by Amy = Total cost price.
Total cost price = ₹120 + ₹60 + ₹ 350 + ₹ 175 = ₹705
Amount earned by Amy by selling bhel and sweets = ₹1000
$∵$ Selling price > Cost price, Amy earns a profit.
Profit = Selling price - Cost price = 1000 - 705 = ₹ 295

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