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Byju's Answer
Standard XII
Accountancy
Categories of Cash Flow Statement
If a pen is b...
Question

If a pen is bought for ₹15 and sold for ₹20 then the profit is

A
₹ 10
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B
₹ 5
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C
₹ 15
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D
₹ 20
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Solution

The correct option is B ₹ 5
Money spent to buy a pen = ₹15
Money earned on pen = ₹20
Profit = ₹20 - ₹15 = ₹5

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