Practicing Success

Target Exam

CUET

Subject

General Test

Chapter

Numerical Ability

Topic

Profit and Loss

Question:

A man sells goods at 4% loss on cost price but he gives 20 g instead of 40 g. What is his profit or loss percentage ?

Options:

84% profit

92% profit

82% loss

92% loss

Correct Answer:

92% profit

Explanation:

Loss% m = 4%,

a = 20 g and b = 40 g

Required profit = [(100 - m) × (\(\frac{b}{c}\)) -100] %

 [(100 - 4) × \(\frac{40}{20}\) - 100] %

 [96 × 2 - 100]%

192 - 100% = 92%