Target Exam

CUET

Subject

General Aptitude Test

Chapter

Numerical Ability

Topic

Profit and Loss

Question:

A man sells an article at a profit of 40%. If he had bought it at 40% less and sold for Rs. 100 less, he would have gained 50%. Find the cost price of the article?

Options:

200

60

70

80

Correct Answer:

200

Explanation:

Suppose CP = 100

than case1 → sp= 40% profit = 140

case 2 → Now CP = 40% less = 60

than SP= 150% of 60= 90

difference of SP= 140–90= 50

when difference rs 50 than CP= 100

CP= 100×2= 200