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
B 0/Nil
C ₹ 6,000
D ₹ 2,000
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