Practicing Success

Target Exam

CUET

Subject

General Test

Chapter

Numerical Ability

Topic

Profit and Loss

Question:

An article is sold for ₹ 2070 at a 15% profit. If the article is sold for ₹ 1890, then what will be the gain/loss percent?

Options:

10% loss

5% loss

10% gain

5% gain

Correct Answer:

5% gain

Explanation:

Selling price of the article = 2070

Profit = 15%

Cost price = 2070 × \(\frac{100}{115}\) = 1800

If the article is sold at = 1890

then profit % = (1890 - 1800) × \(\frac{100}{1800}\) = 5%