Practicing Success

Target Exam

CUET

Subject

General Test

Chapter

Numerical Ability

Topic

Profit and Loss

Question:

By selling an article for ₹450, Riyan incurred a loss of 10%. At what price should he sell it to make a profit of 12%?

Options:

₹440

₹600

₹560

₹480

Correct Answer:

₹560

Explanation:

Selling price = 450

Loss = 10%

Profit to be earned = 12%

So, according to the question,

New selling price = 450 × \(\frac{10}{9}\)  × \(\frac{112}{100}\) = ₹560