Target Exam

CUET

Subject

General Aptitude Test

Chapter

Numerical Ability

Topic

Profit and Loss

Question:

The profit percent gained if an object is sold at Rs 464 is equals to the loss percent when the object is sold at Rs 436. Find the cost price of this object?

Options:

500

450

400

250

Correct Answer:

450

Explanation:

$\text{Profit} = \text{Selling Price (when there is a profit)} - CP = 464 - CP$

$\text{Loss} = CP - \text{Selling Price (when there is a loss)} = CP - 436$

$464 - CP = CP - 436$

$464 + 436 = CP + CP$

$900 = 2(CP)$

$CP = \frac{900}{2} = 450$