Source: Previous Question Papers
John purchased a motor cycle for ₹ 20,000 and sold it for ₹ 25,000. Did he make a profit or loss and how much?
Options
Option A
Profit of ₹ 2000
Option B is correct
Profit of ₹ 5000
Option C
Loss of ₹ 5000
Option D
Loss of ₹ 2000