Gayatri bought a new dress for ₹2580 and then sold it to Rehaana for ₹4690. The difference between the two amounts will be called ___ for Gayatri.

Cost Price

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Selling Price

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Profit

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Loss

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Solution

The correct option is C Profit
Price at which Gayatri bought the dress is Cost Price (C.P) for her i.e., ₹2580

Price at which she sold the dress is Selling Price (S.P) for her i.e., ₹4690

Since S.P > C.P, Gayatri made a Profit.
Profit = S.P - C.P = 4690 - 2580 = 2110
Profit = ₹2110

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Similar questions

Complete the following table (wherever possible):

Cost price	Selling price	Profit	Loss
	$₨ 680$	$₨ 80$

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