Question

If an article bought for ₹ 100 is sold at ₹ 87, there is profit. is this true or false please answer fast​

Answer 1

Answer:

FALSE

Step-by-step explanation:

The profit happens when Selling price is greater than the Cost price.

In this question, cost price = ₹ 100

and selling price = ₹ 87

Clearly, selling price is less than the cost price. So, there will be a loss.

The loss will be of ₹(100 - 87)

Loss = ₹ 13

So, the loss of ₹ 13 will be there. Hence, no profit.

The answer to your question is FALSE.