Question

Mohan bought a cycle for $750. the transport charges were $10. If he sold the cycle $798. find his gain or loss.
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Answer 1

We are given

C.P = $750 + $10

= $760

S.P. = $798

So, S.P - C.P = 798 - 760

= 38 > 0

∴ S.P − C.P. > 0

∴ S.P > C.P.

Mohan gain $38 profit.