What is the profit on an article bought for 10thousand naira and sold for 13thousand naira?

1 answer

The profit made on an article bought for 10,000 naira and sold for 13,000 naira is 3,000 naira.

Profit = Selling Price - Cost Price
Profit = 13,000 - 10,000
Profit = 3,000

Therefore, the profit made is 3,000 naira.