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Profit and Loss

Ramu bought a...

Question

Ramu bought a bicycle for ₹2000. He sold that bicycle for ₹2300. Calculate the profit amount.

A

₹100

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B

₹200

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C

₹300

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D

₹400

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Solution

The correct option is C ₹300
Amount spent on buying the bicycle = ₹ 2000
Amount received while selling the bicycle = ₹ 2300

Since the selling price is greater than the orginal price, Ramu got a profit.

Profit amount = ₹2300 - ₹2000 = ₹300

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