A painting was bought for 45,895 rupee. The frame was changed for 2,060. It's was finally sold for 51,080. What was the loss or gain
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Cost price (CP) = money spent on buying the painting + money spent on changing frame = 45895 + 2060 = Rs. 47955
Selling price (SP) = Rs. 51080
As SP > CP, so it is a clear profit which is given by
SP - CP = 51080 - 47955 = Rs. 3125
Therefore, there was a gain of Rs. 3125.
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