Question

A Television bought for Rs. 12,000 and sold for Rs. 13,500. Is it a Profit/Loss/No profit-No loss situation?

Answer 1

Answer:

it is a profit definitely.

Step-by-step explanation:

as we know, profit occurs when the cost price [the price in which the prodcut is bought] is less than the selling price [ the price in which the product is sold]

profit= selling price- cost price

profit= 13500-12000

=rs.1500