A man purchased a for Rs. 1300 and sold it for Rs. 1380. Find his gain or loss.

Options

A. Rs. 100
B. Rs. 120
C. Rs. 140
D. Rs. 80.

Answer

To find the gain or loss from the transaction, we need to follow these steps:

### Step 1: Identify the Cost Price (CP) and Selling Price (SP)
- The cost price (CP) of the item is Rs. 1300.
- The selling price (SP) of the item is Rs. 1380.

### Step 2: Determine if there is a Gain or Loss
- To determine if there is a gain or loss, we compare the selling price with the cost price.
- Since Rs. 1380 (SP) is greater than Rs. 1300 (CP), we conclude that there is a gain.

### Step 3: Calculate the Gain
- The formula for calculating gain is:
\[ \text{Gain} = \text{Selling Price} - \text{Cost Price} \]
- Substituting the values:
\[ \text{Gain} = 1380 - 1300 \]
- Performing the subtraction:
\[ \text{Gain} = 80 \]

### Conclusion
- The gain from the transaction is Rs. 80.

---