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Rahul purchased old TV for ₹ 3000. He sp...

Rahul purchased old TV for ₹ 3000. He spends ₹ 300 on its repair. He sold TV for ₹ 3,500. What is his profit

A

₹ 500

B

₹ 940

C

₹ 200

D

₹ 300

Text Solution

AI Generated Solution

The correct Answer is:
To find Rahul's profit from selling the old TV, we need to follow these steps: ### Step 1: Calculate the Total Cost Price The total cost price (CP) includes the purchase price of the TV and the repair costs. - Purchase Price of TV = ₹3000 - Repair Costs = ₹300 Total Cost Price (CP) = Purchase Price + Repair Costs \[ \text{Total CP} = 3000 + 300 = 3300 \] ### Step 2: Identify the Selling Price The selling price (SP) is the amount for which Rahul sold the TV. - Selling Price = ₹3500 ### Step 3: Calculate the Profit Profit can be calculated by subtracting the total cost price from the selling price. Profit = Selling Price - Total Cost Price \[ \text{Profit} = 3500 - 3300 = 200 \] ### Conclusion Rahul's profit from selling the TV is ₹200. ---
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