A painting was bought for Rs. 45,895. The frame was
changed for Rs. 2,060. The painting was sold for Rs. 51,080.
What is the amount of profit or loss?
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Answer:
Cost price of painting = Rs. 45895
frame changed for = Rs. 2060
Total cost price = 45895 + 2060 = 47955
Sold for = 51080
As the selling price is more it is profit
profit = Sp - cp
51080 - 47955 = Rs.3125
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