A second hand car is purchased for ` 2,00,000 and sold at ` 1,40,000 after two years. If depreciation is charged @ 10% on SLM method, find the profit or loss on sale of the car.

A second hand car is purchased for ` 2,00,000 and sold at ` 1,40,000 a

1.	A second hand car is purchased for ` 2,00,000 and sold at ` 1,40,000 after two years. If depreciation is charged @ 10% on SLM method, find the profit or loss on sale of the car.
A.	20,000 Loss ;
B.	20,000 Profit ;
C.	10,000 Loss ;
D.	10,000 Profit
Answer» B. 20,000 Profit ;