By selling a pen for ₹26, a man loses

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Target Exam

CUET

Subject

General Test

Chapter

Numerical Ability

Topic

Profit and Loss

Question:

By selling a pen for ₹26, a man loses one-fourteenth of what it costs him. The cost price of the pen is:

Options:

₹27

₹39

₹38

₹28

Correct Answer:

₹28

Explanation:

Selling price of a pen = 26

Loses = \(\frac{1}{14}\) of Selling price = \(\frac{1}{14}\) × 26 = 2

So the CP = Selling price + Loss

CP = 26 + 2 = 28