Practicing Success

Target Exam

CUET

Subject

General Test

Chapter

Numerical Ability

Topic

Profit and Loss

Question:

A shopkeeper bought pens at the rate of ₹1,350 for 15 dozen pens and sold them at the rate of ₹495 for 5 dozen pens. His percentage profit or percentage loss is :

Options:

Profit 10%

Profit 15%

Loss 15%

Loss 10%

Correct Answer:

Profit 10%

Explanation:

Cost price of 15 dozen pens = 1350

One dozen = 12 quantities

Cost price of a pen = \(\frac{1350}{13 × 12}\) = 7.5

Selling price of a pen = \(\frac{495}{4 × 12 }\) = 8.25

Profit % = \(\frac{(8.25 - 7.5)}{7.5}\) × 100 = 10%