A table was bought for ₹3,000 and sold for ₹3,200. Find the gain or loss in terms of money.
Show answer & explanation
Correct answer: A
Explanation
The correct answer is Option 1 i.e. Gain ₹200.
Given that
C.P. of the article = Rs. 3000
S.P. of the article = Rs. 3200
Profit = S.P. - C.P.
Loss = C.P. - S.P.
Calculation
S.P. > C.P.
Profit = 3200 - 3000 = Rs. 200