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Question
Analyse the following transactions & ascertain the profit or loss for Mr. Karan who has a grocery shop.
1. He bought 600 apples for Rs 4,800. He spent Rs 400 on transportation. He sold them for Rs 10,000
2. Rent paid for his shop Rs 5,000
3. He bought 2 dozen eggs for Rs 100. Since 6 of them broke, he could only sell them for Rs 80
4. He bought a box of chocolates for Rs 650 and sold it to Tom for Rs 800
Analyse the following transactions & ascertain the profit or loss for Mr. Karan who has a grocery shop.
1. He bought 600 apples for Rs 4,800. He spent Rs 400 on transportation. He sold them for Rs 10,000
2. Rent paid for his shop Rs 5,000
3. He bought 2 dozen eggs for Rs 100. Since 6 of them broke, he could only sell them for Rs 80
4. He bought a box of chocolates for Rs 650 and sold it to Tom for Rs 800
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Solution
The correct option is C Loss of Rs 70
Loss=Expenses−Revenue=Rs 10,950−Rs 10,880=Rs 70RevenueRs 10,880ExpensesRs 10,950Sale of ApplesRs 10,000Purchase of ApplesRs 4,800Sale of EggsRs 80TransportationRs 400Sale of ChocolateRs 800Purchase of EggsRs 100Purchase of ChocolatesRs 650RentRs 5,000
Loss of Rs 70
Loss=Expenses−Revenue=Rs 10,950−Rs 10,880=Rs 70RevenueRs 10,880ExpensesRs 10,950Sale of ApplesRs 10,000Purchase of ApplesRs 4,800Sale of EggsRs 80TransportationRs 400Sale of ChocolateRs 800Purchase of EggsRs 100Purchase of ChocolatesRs 650RentRs 5,000
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