Target Exam

CUET

Subject

General Test

Chapter

Numerical Ability

Topic

Profit and Loss

Question:

A man bought two shirts for Rs. 650. He sold one of them at a gain of 7% and the other at a loss of 6%. On the whole he neither gained nor lost ? The cost of the shirts, respectively, were

Options:

380, 530

370, 540

300, 350

400, 510

Correct Answer:

300, 350

Explanation:

We have,

The combined price of two shirts = Rs.650 

Gain on one shirt = 7%

Loss on another shirt = 6%

Gain on one shirt = loss on another shirt 

⇒ 7% of CP1 = 6% of CP2

⇒ CP1/CP= 6/7

⇒ CP1 = (6/13)× 650 = 300

⇒ CP2 = (7/13)× 650 = 350