Practicing Success

Target Exam

CUET

Subject

General Test

Chapter

Numerical Ability

Topic

Profit and Loss

Question:

Ram sold plot for ₹6,55,000 at 20% loss. For what price should he sell the plot to gain 15% profit ?

Options:

₹7,41,562.50

₹6,41,562.50

₹8,41.562.50

₹9,41.562.50

Correct Answer:

₹9,41.562.50

Explanation:

The selling price of the plot = 6,55,000 

Loss% = 20%

Cost price = 6,55,000 × \(\frac{100}{80}\) = 818750

Profit he wants = 15%

Now the selling price at 15% profit of the plot = 115% of 818750 = ₹9,41.562.50