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
• B. ₹395 profit
• C. ₹ 295 loss
• D. ₹195 loss

Answer 1

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
$\because$ Selling price > Cost price, Amy earns a profit.
Profit = Selling price - Cost price = 1000 - 705 = ₹ 295