Question

find the gain or loss when cost price is equal to rupees 6000 and overhead expenses is equal to rupees 400 and selling price is equal to 8000.

Answer 1

Step-by-step explanation:

CP = 6000 + overhead expenses

= 6000 + 400

= 6400$

SP = 8000

Here SP > CP then it is profit

Profit = SP - CP = 8000 - 6400 = 1600$