Multiple choice

A man purchased an old music system for Rs. 6200 and spent Rs. 200 on repairing the music system. He then sold it for Rs. 6850. From the given option, choose the correct option of profit/loss incurred.

  1. Profit is Rs. 450

  2. Loss is Rs. 450

  3. Profit is Rs. 650

  4. Loss is Rs. 650

  5. None of these
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Total CP for the man = Rs. (6200 + 200) = Rs. 6400 SP = Rs. 6850 Therefore, Profit = Rs. (6850 - 6400) = Rs. 450

Keep practicing — related questions