Practicing Success

Target Exam

CUET

Subject

General Test

Chapter

Numerical Ability

Topic

Profit and Loss

Question:

Anil bought some articles at 6 for ₹ 8 and sold them at 10 for ₹ 12. His percentage loss orgain is:

Options:

10% loss

8% loss

10% gain

8% gain

Correct Answer:

10% loss

Explanation:

Anil bought some articles at 6 for ₹ 8

Anil sold them at 10 for ₹ 12.

                Quantity           Price

  Buy         6                     8

  Sold        10                   12

Make the quantity equal by multiplying 5 with buying quantity and 3 with selling quantity

                Quantity           Price

  Buy      5×(6                   8)

  Sold      3×(10                12)

 

                Quantity           Price

  Buy         30                   40

  Sold        30                   36

            ——————————————

 Loss = 40 - 36 = 4

loss% = 4 × \(\frac{100}{40}\)  = 10%