On selling 17 balls at ₹720, there is

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Target Exam

CUET

Subject

General Test

Chapter

Numerical Ability

Topic

Profit and Loss

Question:

On selling 17 balls at ₹720, there is a loss equal to the cost price of 5 balls. The cost price of a ball is:

Options:

₹45

₹50

₹60

₹55

Correct Answer:

₹60

Explanation:

Loss = C.P. - S.P.

C.P. of 5 = C.P. of 17 - S.P. of 17

C.P. of 12 = S.P. of 17

Here, S.P. of 17 balls = Rs.720 (given)

Therefore.

C.P. of 12 balls = Rs. 720

C.P. of 1 ball = $\frac{720}{12}$ = Rs.60