Income for a year is Rs 12,40,000 and expenses are Rs 9,15,000. What is the profit?
ARs 2,25,000
BRs 21,55,000
CRs 9,15,000
DRs 3,25,000
Answer & Solution
Correct answer: D. Rs 3,25,000
Profit equals income less expenses, so 12,40,000 minus 9,15,000 is 3,25,000.
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