41.9k views
5 votes
Ralph buys antique vase for $400 and sells the vase for $600. how does he enter the profit or loss in his account book?​

2 Answers

3 votes

Answer:

200

Explanation:

User Prashantwosti
by
4.7k points
4 votes

Answer:

$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

User Shaundra
by
5.2k points
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