CAT
Exam
Ramu buys a car for 500 dollars and given a cheque of amount 1000dollars. Shop Keeper exchanged the cheque with his neighborand gave change to John. After 2 days, it is known that cheque is bounced. Shop keeper paid the amount to his neighbor. The costprice of car is 200 dollars. What is the profit/loss for shop keeper?
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- loss to shopkeeper = cost of car + amount given to buyer = 200+500= Rs 700
- 12 years agoHelpfull: Yes(8) No(1)
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