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1 vote
Select the correct answer.

Ralph buys an antique vase for $400 and sells the vase for $600. How does he enter the profit or loss in his account book?

A. -$200
B. +$200
C. +$400
D. +$600

User Gullbyrd
by
8.1k points

2 Answers

4 votes

Answer:

The answer is B. +$200.

Explanation:

Because when Ralph purchased the vase for $400 and is selling them at a higher price for $600. The difference is $200. He has gained $200 as a profit for every vase that is sold.

User Fakhamatia
by
8.7k points
2 votes
The answer is B. +$200. Because when Ralph purchased the vase for $400 and is selling them at a higher price for $600. The difference is $200. He has gained $200 as a profit for every vase that is sold.
User Gaurav Ram
by
7.9k points

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