Practicing Success

Target Exam

CUET

Subject

General Test

Chapter

Numerical Ability

Topic

Profit and Loss

Question:

A person marks the price of his car 50% above the cost price. He gives a discount of B% and earns a profit of 10%. What is the approximate value of B?

Options:

26.67

29.67

21.33

24.33

Correct Answer:

26.67

Explanation:

        CP                    MP

      100 - B%           100 + P%

     100 - B%           100 + 10%

    100 - B%                 110

\(\frac{15}{10}\) = \(\frac{110}{100 - B%}\)

\(\frac{3}{2}\) = \(\frac{110}{100 - B%}\)

3(100 - B%) = 220

B% = 26.67%