Practicing Success

Target Exam

CUET

Subject

General Test

Chapter

Numerical Ability

Topic

Profit and Loss

Question:

An article is sold for ₹4,800 at a profit of 20%. If the selling price is increased by ₹600, then what will be the profit percentage?

Options:

40%

25%

30%

35%

Correct Answer:

35%

Explanation:

The selling price of the article = 4800

Discount = 20%

Then 120% of the cost price = 4800

100% of the cost price = 4000

New selling price after increasing by 600 = 4800 + 600 = 5400

Profit % = (5400 - 4000) × \(\frac{100}{4000}\)  = 35%