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A firm earned revenue of Rs 6,00,000 and incurred expenses of Rs 5,40,000. What is the result?
ALoss of Rs 60,000
BProfit of Rs 11,40,000
CProfit of Rs 60,000
DProfit of Rs 5,40,000
Answer & Solution
Correct answer: C. Profit of Rs 60,000
Profit is revenue minus expenses, so 6,00,000 less 5,40,000 gives a profit of 60,000.
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