Question

Sonal runs a small firm dealing in fancy candles, diyas and incense sticks made with organic ingredients. In the last year, she earned higher revenue due to online sales. She invested a part of extra cash in the stock market by buying shares of ₹40,000. In the current year, she sold that investment at a price of 264,000. This difference of 224,000 will be termed as:

(a) Revenue (b) Profit (c) Income (d) Gain​

Answer 1

Answer:

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b) Profit