Question

Ralph buys an antique vase for $400 and sells the vase for $600. How does he enter the profit or loss in his account book?

Answer 1

Answer:

CP of the antique vase=$400

SP of antique vase=$600

Since SP is greater than CP, then it's profit

profit =SP-CP

$600-$400=$200

hence he makes a profit of $200

Answer 2

Answer:

The PLATO answer would be $+200.

Step-by-step explanation:

Hope this helps you! :))