Practicing Success

Target Exam

CUET

Subject

General Test

Chapter

Numerical Ability

Topic

Profit and Loss

Question:

Ramesh incurred a loss of 10% after selling a phone. If be had sold the phone for ₹1,260 more, then he would have made a profit of 5%. What is the cost price of the phone?

Options:

₹8,600

₹8,000

₹9,000

₹8,400

Correct Answer:

₹8,400

Explanation:

Direct concept = 

Loss% + Profit% = More price added in selling price

10% + 5% = 1260

15% of the CP = 1260

then, 100% of the CP = 8400