Practicing Success

Target Exam

CUET

Subject

General Test

Chapter

Numerical Ability

Topic

Profit and Loss

Question:

A man sold his bike for ₹ 25,000 at 25% profit. At what price would it he have sold if he had incurred a loss of 15%?

Options:

₹ 16,000

₹ 19,000

₹ 18,000

₹ 17,000

Correct Answer:

₹ 17,000

Explanation:

The selling price of the bike = 25000

Profit = 25%

Then the cost price of the bike = 25000 × \(\frac{100}{125}\) = 20000

If he had a loss of 15% then the selling price = 20000  × \(\frac{85}{100}\) = ₹ 17,000