A trader purchases 100 smartphones at Rs. 12,000 each. He spends Rs. 30,000 on transportation and Rs. 20,000 on advertising. 10 phones are damaged in transit and sold at 50% loss. The remaining are sold at a 25% profit. What is his net profit or loss?
- AOption (a)
Rs. 1,60,000 profit
- BOption (b)
Rs. 2,20,000 profit
- COption (c)
Rs. 1,90,000 loss
- DOption (d)
Rs. 2,30,000 loss
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Correct answer
Rs. 1,60,000 profit