Target Exam

CUET

Subject

General Aptitude Test

Chapter

Numerical Ability

Topic

Profit and Loss

Question:

Rahul sold a box for ₹1,440 at a loss of 40%. What should the selling price of the box be to enable Rahul to earn a profit of 40%?

Options:

₹2,592

₹3,480

₹3,120

₹3,360

Correct Answer:

₹3,360

Explanation:

        SP1                    SP2

      100 - D%           100 + P%

     100 - 40%           100 + 40%

         60                      140

        ⇓×24                    ⇓×24

     1,440 Given         ₹3,360