Practicing Success

Target Exam

CUET

Subject

General Test

Chapter

Numerical Ability

Topic

Profit and Loss

Question:

The profit earned by selling an article for 832 is equal to the loss incurred when the article is sold for 448. What will be the selling price of the article if it is sold at a 10% loss?

Options:

₹576

₹540

₹625

₹640

Correct Answer:

₹576

Explanation:

According to the question,

Profit earned by selling the article for Rs. 832 = Loss incurred by selling the article at Rs. 448

⇒ Original SP - CP = CP - New SP

⇒ 832 - CP = CP - 448

⇒ 2 × CP = 832 + 448 

⇒ CP = \(\frac{1280}{2}\)

⇒ CP = Rs. 640

 Now, the Selling Price for making 10% profit,

⇒ 640 × (\(\frac{9}{10}\) )

⇒ 64 × 9

⇒ ₹576