Practicing Success

Target Exam

CUET

Subject

General Test

Chapter

Numerical Ability

Topic

Profit and Loss

Question:

An article was sold at a certain price. Had it been sold at $\frac{4}{5}$ of that price, there would have been a loss of 10%. At what profit percentage was the article sold initially?

Options:

10.5

15

12.5

10

Correct Answer:

12.5

Explanation:

Let SP =  50x

Loss = 10%

New SP = 50x × \(\frac{4}{5}\) = 40x

CP = 40x × \(\frac{10}{9}\) = \(\frac{400x}{9}\)

Ratio of CP to SP = \(\frac{400x}{9}\) : 500x = 40 : 45

Profit % = \(\frac{45 - 40}{40}\)× 100 = 12.5%