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Income Calculation

Ramu spent ₹1...

Question

Ramu spent ₹1200 in buying a cellphone. He sold it for ₹1300. He has made a .

A

Profit

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B

Loss

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C

Expense

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Solution

The correct option is A Profit
Money spent $= ₹ 1200$
Money got back $= ₹ 1300$
Money earned = Money spent - Money got back
$= ₹ 1300 - ₹ 1200 = ₹ 100$

Thus, Ramu made a profit by earning ₹100.

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