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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 (in rupees).
300

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Solution

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

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

Profit = ₹ 2300 - ₹ 2000 = ₹ 300

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