Question

Reshma had some rare collection of stamps. She sold all of those to one of her Friends for Rs6000 and earned a profit of Rs2000. Can this activity of hers considered business? Justify. (3 marks)

Plsssss answer!!! Pls

Answer 1

Answer:

yea this can be considered as business

Explanation:

here Reshma gets profit 2000 by selling them at 6000

so she bought them at 4000. by selling them she successfully earned a part as profit

in business, a merchant buys a product having a fixed price known as cost price and sell them to consumers aka selling price

so,

the incident mentioned above is also an example of business