Practicing Success

Target Exam

CUET

Subject

General Test

Chapter

Numerical Ability

Topic

Profit and Loss

Question:

If I sell a cycle at ₹3600. I make a profit of 20%. At what price I need to sell to make a profit of 10%?

Options:

₹3500

₹3250

₹3300

₹3450

Correct Answer:

₹3300

Explanation:

At 20% profit:

C.P. = 100R, Profit = 20R and Selling Price = 120R

ATQ,

S.P. = 3600

120R = 3600

1R = 30

Now, at 10% profit:

C.P. = 100R, Profit = 10R and Selling Price = 110R

Therefore, 1R = 30

S.P. = 110R = 110 × 30 = Rs.3300/-