Practicing Success

Target Exam

CUET

Subject

General Test

Chapter

Numerical Ability

Topic

Profit and Loss

Question:

Swati sold a bag to Ankita at a gain of 15%. Aashi bought this bag from Ankita for Rs.24,840. Ankita earned a profit of 20%. At what price would Swati have bought the bag?

Options:

Rs.18,500

Rs.18,000

Rs.16,000

Rs.20,000

Correct Answer:

Rs.18,000

Explanation:

                 Swati                   Ankita                            Aashi 

Let CP       100----+15%P-------115-------+20%P---------138

                ⇓×180                                                     ⇓×180

               18000                                                     24840(Given)