When an article is sold for ₹438,there

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Target Exam

CUET

Subject

General Test

Chapter

Numerical Ability

Topic

Profit and Loss

Question:

When an article is sold for ₹438,there is a loss of 27%. To gain 23%, it should be sold for ₹ x. What is the value of x ?

Options:

₹600

₹837

₹678

₹738

Correct Answer:

₹738

Explanation:

The selling price of the article = 438

Loss = 27%

Cost price of the article = 438 × $\frac{100}{77}$ = 600

Now the profit = 23%

Selling price of the article at 23% profit = 123% of 600 = ₹738