Practicing Success

Target Exam

CUET

Subject

General Test

Chapter

Numerical Ability

Topic

Profit and Loss

Question:

Harry purchases some article @ 11 article for ₹10 and sells all the articles @ 10 articles for ₹11. Find profit or Loss percent.

Options:

25% Profit

28% Profit

21% Profit

18% Profit

Correct Answer:

21% Profit

Explanation:

               Quantity          Price

Purchase   11 × 10          10 × 10 (Make the quantity same)

Sell           10 × 11          11 × 11

CP = 100, SP = 121

Profit = 121 - 100 = 21

Profit % = \(\frac{21}{100}\) × 100 = 21%