IF THE CP OF SOFA IS RS 5380 AND RS 1840 IS SPENT ON NEW COVERS AND IT IS SOLD FOR RS 8,000 FIND PROFIT OR LOSS
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Answer:
PROFIT = ₹780 ANS.
Step-by-step explanation:
CP = ₹5,380
SPENT ON COVERS = ₹1,840
ACTUAL CP = ₹7,220
SP = ₹8,000
SINCE SP > CP
THEREFORE PROFIT IS EARNED
PROFIT = SP - CP
PROFIT = ₹8,000 - ₹7,220
PROFIT = ₹780 ANS.
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