Find the profit made or loss incurred in a transaction where the cost price is ₹1200 and the selling price is ₹1600.

A gain of ₹300

No worries! We‘ve got your back. Try BYJU‘S free classes today!

A gain of ₹400

Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses

A loss of ₹300

No worries! We‘ve got your back. Try BYJU‘S free classes today!

A loss of ₹400

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Open in App

Solution

The correct option is B
A gain of ₹400

Given: Cost price (CP) = ₹1200

Selling price (SP) = ₹1600

Since SP > CP, we have a profit.

Profit = SP - CP

= ₹1600 - ₹1200

= ₹400

Suggest Corrections

Similar questions

Find the profit made or loss incurred in a transaction where the cost price is ₹1200 and the selling price is ₹1600.

Find the profit or loss percent in a transaction where the cost price is ₹ 20 and the selling price is ₹16.

Find profit or loss $%$ when:
Cost Price $= Rs. 1200$ and Selling Price $= Rs. 1600$

Mary bought 40 pens and sold them at ₹8 each. If the total cost price is ₹200, then find the profit made or loss incurred in the transaction.

20

23

Join BYJU'S Learning Program