Ram bought a scooter for Rs. 10000 and spent Rs.2000 on its repair. Then he sold it at Rs.15000. Then:
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1
10000+2000=12000
15000
-12000
= 3000
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0
The profit that Ram made of selling the scooter would be ₹3,000 as you would have to add the expenses incurred due to the scooter that is ₹10,000 + ₹2,000 which is equal to ₹12,000. He later sold the scooter for ₹15,000. So to calculate the profit you have to subtract the cost of ownership form the selling price which would be ₹15,000 - ₹12,000 which is equal to ₹3,000
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