Target Exam

CUET

Subject

General Aptitude 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:

Selling price of shop = 270000

Selling price of car = 270000

Shop has a profit of 20%

Cost price of the shop = 270000*(100/(100+20)) = 5*270000/6 = 5*45000 = 225000

Car has a loss of 10%

Cost price of the car = 270000*(100/(100-10)) = 300000

Net Profit = (2*2750000)-225000-300000 = 15000

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