Practicing Success

Target Exam

CUET

Subject

General Test

Chapter

Numerical Ability

Topic

Percentages

Question:

A trader sells an article for ₹425 and loses 15%. At what price (in ₹) should he sell the article to earn 5% profit?

Options:

505

510

445

525

Correct Answer:

525

Explanation:

The cost price of the article = \(\frac{100}{100-15}\) × 425

= \(\frac{100}{85}\) × 425

= Rs. 500

The required selling price = \(\frac{100+5}{100}\) × 500

= \(\frac{100+5}{100}\) × 500

= Rs. 525