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

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SSC CGL 2023 Tier-I Official Paper (Held On: 17 Jul 2023 Shift 3)
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  1. Gain Rs. 200 
  2. Loss Rs. 200
  3. Gain Rs. 100
  4. Loss Rs. 150

Answer (Detailed Solution Below)

Option 1 : Gain Rs. 200 
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Detailed Solution

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Given:

Cost price (C.P) = Rs.3000

Selling price (S.P) = Rs.3200

Formula used:

Profit (P) = S.P - C.P

Calculation:

Profit (P) = S.P - C.P

⇒ (3200 - 3000) = Rs.200

∴ The correct answer is Rs.200.

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