New RBI Grade B 2025 Notification will come Soon! Enroll Here

    Question

    Ramnaresh & traders initiated their business on 1st

    April 2007 with ₹ 12,000 by 6000 units at the rate of ₹ 2 per unit. During the year he sold these units at the rate of ₹ 3 per unit and withdrew ₹ 6000. Calculate the retained profit.
    A ₹ 18,000 Correct Answer Incorrect Answer
    B 0/Nil Correct Answer Incorrect Answer
    C ₹ 6,000 Correct Answer Incorrect Answer
    D ₹ 2,000 Correct Answer Incorrect Answer

    Solution

    Started business with 6000 units worth 2 rs each = 12,000 Sold this stock @ 3rs each= 18,000 Profit= 6000 Withdrew amount= 6000 Retained profit will be 0.

    Practice Next