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Profit and Loss

If the cost p...

Question

If the cost price and the selling price in a transaction are ₹ 2,349 and ₹ 2,539 respectively, then which of the following is true?

A

Profit of ₹ 290

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B

Loss of ₹ 190

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C

Profit of ₹ 190

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D

Loss of ₹ 290

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Solution

The correct option is C
Profit of ₹ 190

Given: CP = ₹ 2349 and SP = ₹ 2539
Since CP < SP, it is a profit.

Profit = SP - CP

= ₹ (2539 - 2349)

= ₹ 190

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