Practicing Success

Target Exam

CUET

Subject

General Test

Chapter

Numerical Ability

Topic

Profit and Loss

Question:

By selling an article for Rs.33,000 a man gains 10%. To get a profit of 20%, he has to sell it for:

Options:

Rs.30,000

Rs.35,000

Rs.36,000

Rs.36,600

Correct Answer:

Rs.36,000

Explanation:

10% =  \(\frac{1}{10}\) 

\(\frac{SP}{CP}\) = \(\frac{11}{10}\)

At 20 % profit ,

\(\frac{SP}{CP}\) = \(\frac{12}{10}\)

If, 11x = 33,000 

Then, 12x = Rs.36,000