Profit and loss

Quantitative Aptitude (CGL)

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Indian Economy - Understanding the basics of Indian economic system

A table was bought for Rs 3,000 and sold for Rs 3,200. Find the gain or loss in terms of money.

This questions was previously asked in

ssc cgl 2023 pre

Gain Rs 200

Loss Rs 200

Gain Rs 100

Loss Rs 150

- The table's purchase price was Rs 3,000.

- It was sold for Rs 3,200.

- To find the gain or loss, subtract the purchase price from the selling price.

- Gain/Loss = Selling Price - Cost Price

- Gain = Rs 3,200 - Rs 3,000 = Rs 200

Here's the analysis of the options:

- Option 1: Gain Rs 200 - This is correct.

- Option 2: Loss Rs 200 - Incorrect because there is no loss, only gain.

- Option 3: Gain Rs 100 - Incorrect as the actual gain is Rs 200.

- Option 4: Loss Rs 150 - Incorrect because there is a gain, not a loss.