In a transaction done by Amy, the Cost price = ₹12,600 and Selling price = ₹13,000. Choose the correct option which describes the result of the transaction based on the above data.

Amy earns a profit of ₹400

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Amy earns a profit of ₹4000

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Amy neither earns a profit nor incurs a loss

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Amy incurs a loss of of ₹400

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Solution

The correct option is A Amy earns a profit of ₹400
Given: Cost price = ₹12,600
Selling price = ₹13,000
$∵$ Selling price > Cost price, Amy earns a profit.

Profit = Selling price - Cost price = 13000 - 12600 = ₹400

$∴$ Amy earns a profit of ₹400.

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