Practicing Success

Target Exam

CUET

Subject

General Test

Chapter

Numerical Ability

Topic

Profit and Loss

Question:

A man lost 15% by selling a mobile for Rs,4,675. What will be his gain percentage by selling it for Rs.6,050?

Options:

10.5%

9.5%

9%

10%

Correct Answer:

10%

Explanation:

Loss =15%

ATQ,

Selling price of mobile = 85% of the cost price

85% of the cost price = 4675

100% of the cost price =  \(\frac{4675}{85}\) × 100 = 5500

If the selling price will be = 6,050

Then the gain percentage =  \(\frac{(6050 - 5500)}{5500}\) × 100 = 10%