Question

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

Answer 1

200

Explanation:

Answer 2

$200

Explanation:

Since he sold the vase at a higher price than the one he bought it at, he made a profit.

To find the profit, subtract how much he paid for it from the amount he sold it at:

600 - 400

= 200

So, he will enter the profit as $200 in his account book