Mr. Manu started business with a capital of Rs.4,00,000 on 1st October, 2005. He borrowed from his friend a sum of Rs.1,00,000. He brought further Rs.75,000 as capital on 31st March 2006, his position was: Cash: Rs.30,000; Stock: Rs.4,70,000; Debtors: Rs.3,50,000 and Creditors: Rs.3,00,000. He withdrew Rs.8,000 per month during this **. Calculate profit or loss for the **.
