A pen was sold for ₹28.75 at a profit

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Target Exam

CUET

Subject

General Test

Chapter

Numerical Ability

Topic

Profit and Loss

Question:

A pen was sold for ₹28.75 at a profit of 15%. If it was sold for ₹25.75, then what would have been the percentage of profit?

Options:

Correct Answer:

Explanation:

Pen sold for ₹28.75 at a profit of 15% means

115% of CP = 28.75

100% of CP = 25

Given SP = 25.75

profit % = (25.75 - 25) × \(\frac{100}{25}\) = 3%