Target Exam

CUET

Subject

General Test

Chapter

Numerical Ability

Topic

Profit and Loss

Question:

A person sold an article at a loss of 12% Had he sold it at a gain of 10.5%, he would have got ₹ 112.50 more. What is the original selling price (in ₹) of the article?

Options:

440.00

560.00

552.50

500.00

Correct Answer:

440.00

Explanation:

Direct concept = Loss% + Profit% = Given more amount  in rupees

                           12%  +  10.5%   = 112.5

                            22.5% of CP = 112.5

                            100% of CP = 500

Selling price of the article = 500 × \(\frac{88}{100}\) = 440