Practicing Success

Target Exam

CUET

Subject

General Test

Chapter

Numerical Ability

Topic

Profit and Loss

Question:

A person having bought goods for Rs.400 sells half of it at a gain of 5%. At what gain percentage must he sell the remainder, so as to gain 25% on the whole?

Options:

30%

25%

20%

45%

Correct Answer:

45%

Explanation:

Let the quantity = 4

then the overall SP must be = 4 × 125%= 5

Half is sold at 5% profit means = 2 × 105% = 2.1

Now half must be sold at = 5 - 2.1 = 2.9

Gain on half = 2.9- 2 = 0.9

Gain percentage =  \(\frac{0.9 × 100 }{2}\) = 45%