alleryStart learning →A truck costing Rs 6,00,000 with Rs 2,00,000 written off fetches Rs 3,60,000. Outcome?
AProfit of Rs 40,000
BProfit of Rs 1,40,000
CLoss of Rs 40,000
DLoss of Rs 1,90,000
Answer & Solution
Correct answer: C. Loss of Rs 40,000
Written-down value is 4,00,000, so receiving only 3,60,000 means a loss of 40,000.
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