Given:Capital at start.......................₦3250Capital at close ......................₦6250Additional capital during the period...₦1000 Calculate the pro...

Given:Capital at start.......................₦3250Capital at close ......................₦6250Additional capital during the period...₦1000

Calculate the profit or loss?

Answer Details

To calculate the profit or loss, we need to subtract the total capital invested from the final capital at close. Total capital invested = Capital at start + Additional capital during the period Total capital invested = ₦3250 + ₦1000 = ₦4250 Profit or loss = Capital at close - Total capital invested Profit or loss = ₦6250 - ₦4250 = ₦2000 Since the result is a positive value, the answer is ₦2000 profit.