Practicing Success

Target Exam

CUET

Subject

General Test

Chapter

Numerical Ability

Topic

Profit and Loss

Question:

The selling price of 7 articles is the same as the cost price of 2 articles. The gain or loss percent is:

Options:

70%

71\(\frac{3}{7}\)%

65\(\frac{3}{7}\)%

40%

Correct Answer:

71\(\frac{3}{7}\)%

Explanation:

ATQ,

⇒ S.P. of 7 =  C.P. of 2

⇒ C.P. : S.P. = 7 : 2

⇒ Loss = 7 - 2 = 5

⇒ Loss percentage = \(\frac{5}{7}\) × 100 = 71\(\frac{3}{7}\)%