On June 1, 20XX, Manish starts his business of computers in a small town with Rs. 6,00,000. He has a personal saving of Rs. 5,00,000 and he take a loan of Rs 1,00,000 from a bank at a interest of 12% computed on monthly basis. He has to repay the loan in 12 equal installments of Rs. 8,885 payable in the first week of every month. First installment is to be paid in July 20XX. He hired a show room at a monthly rent of Rs. 25,000. He paid an advance rent for two months on June 1. He opened a bank account and put Rs. 5,00,000 in the bank. On June 2, He purchased furniture of Rs. 1,20,000, payment was made by cheque. The expected life of this furniture is five year. He appointed Kuber for his assistance at a salary of Rs. 8,000. p.m., Salary is to be paid on first day of the next month. On June 5, he purchased 20 computers @ Rs. 30,000 per computer from Rohit and Co., a firm of his acquaintance. He paid Rs.3,00,000 by cheque and promised to may rest of the money within two months. During the month he sold 12 computers @ Rs. 40,000 each. Eight computers were sold for cash, while remaining four were sold on credit of one month. The amount is expected to realize is July. The received cash is deposited into bank. He paid Rs. 1, 50, 000 to the supplier by cheque. His other expenses for the month are: Relating to business: Rs. 6,000 Household expenses: Rs. 10,000. How much profit did Manish earn during first month of his business