Practicing Success

Target Exam

CUET

Subject

General Test

Chapter

Numerical Ability

Topic

Profit and Loss

Question:

Paras sold his goods for Rs.960 at 33.33% profit. Find the price at which he must sell his goods so that he earns 20% profit.

Options:

Rs. 792

Rs. 720

Rs. 854

Rs. 864

Correct Answer:

Rs. 864

Explanation:

Profit = 33.33 =  \(\frac{1}{3}\)

SP = 4x = 960

CP = 3x

So, SP at 20% profit = 120% of 3x = 3.6x

x = 240

3.6x = 864