Question : A table was bought for INR 3,000 and sold for INR 3,200. Find the gain or loss in terms of money.
Option 1: Gain INR 200
Option 2: Loss INR 200
Option 3: Gain INR 100
Option 4: Loss INR 150
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Correct Answer: Gain INR 200
Solution :
Given:
A table was bought for INR 3,000 and sold for INR 3,200.
It was sold for more money than it was bought.
So, it is a profit or, money gained.
Money gained = 3200 – 3000 = INR 200
Hence, the correct answer is Gain INR 200.
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