Practicing Success

Target Exam

CUET

Subject

General Test

Chapter

Numerical Ability

Topic

Profit and Loss

Question:

A shop and a car were sold for ₹2,70,000 each. Due to increased scope of business, shop was sold at a profit of 20% but due to depreciation, car could be sold at a loss of 10%. How much profit or loss resulted in the entire transaction?

Options:

Loss 5,000

Loss 10,000

Profit 15,000

Profit 15,480

Correct Answer:

Profit 15,000

Explanation:

The correct answer is Option (3) → Profit 15,000