Question

If $C.P.=\text{Rs.}2041$ and $S.P.=\text{Rs.}2600,$ profit or loss $=?$

• A. Profit, $\text{Rs.}290$
• B. Loss, $\text{Rs.}560$
• C. Loss, $\text{Rs.}290$
• D. Profit, $\text{Rs.}559$

Answer 1

The correct option is D

Profit, $\text{Rs.}559$

Given, $C.P.=\text{Rs.}2041$

$S.P.=\text{Rs.}2600$

Since, $S.P.>C.P.$, there is a profit.

$\Rightarrow$ Profit $=S.P.-C.P.=2600-2041=\text{Rs.}559$