Practicing Success

Target Exam

CUET

Subject

General Test

Chapter

Numerical Ability

Topic

Profit and Loss

Question:

An article is sold at a certain price. If it is sold at 70% of this price, then there is a loss of 10%. What is the percentage profit, when it is sold at the original selling price?

Options:

$\frac{50}{7}$%

$\frac{200}{7}$%

$\frac{300}{7}$%

$\frac{100}{7}$%

Correct Answer:

$\frac{200}{7}$%

Explanation:

Let the article be originally sold for Rs. 90.

If it is sold at 70% of this price, the selling price would be

⇒ 90 × 70% = Rs. 63

So, the cost price of the article = 63 ÷ 0.9 = Rs. 70

Now, the profit% when it's sold at the original selling price = \(\frac{(90 - 70) × 100}{70}\) = $\frac{200}{7}$%