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

A loss of ₹400

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A gain of ₹400

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A gain of ₹300

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A loss of ₹300

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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

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

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

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