alleryA shopkeeper buys a bag for ₹80 and sells it for ₹100. What is the profit?
A₹80
B₹10
C₹180
D₹20
Answer & Solution
Correct answer: D. ₹20
1. Profit = selling price - cost price.
2. 100 - 80 = 20.
3. ₹180 wrongly adds them.
_Source: Wikipedia, Profit (accounting) (CC BY-SA 4.0), Profit (accounting)_
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