Question

Ms Gracy has to purchase a net for fishing. The cost of the net is ₹ 6000. She has only ₹ 5000. To purchase a net she had to take a loan of ₹1000.She returned ₹1200. Later ,She sold the net for ₹ 6200. How much profit did she make?

Answer 1

Money invested by Ms Gracy = ₹ 5000
Total money she returned to bank= ₹ 1200

Total cost of the net = ₹ 5000 + ₹ 1200 = ₹ 6200
Money received after selling the net = ₹ 6200

Clearly she did not make any profit as the money she spent is equal to the money she obtained after selling the net.