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At Rs 80 per pound, an investor buys 1000 pounds expecting Rs 85. Profit if right?
ARs 8,000
BRs 5,000
CRs 85,000
DRs 500
Answer & Solution
Correct answer: B. Rs 5,000
1000 pounds cost Rs 80,000 and sell for Rs 85,000, a gain of Rs 5,000.
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