Vishal sells a bag at a profit of 40%. I

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Home Questions CKWKN72X93

Target Exam

CUET

Subject

General Test

Chapter

Numerical Ability

Topic

Profit and Loss

Question:

Vishal sells a bag at a profit of 40%. If Vishal's profit is ₹880, then what is the cost price of the bag?

Options:

₹2,000

₹2,450

₹1,900

₹2,200

Correct Answer:

₹2,200

Explanation:

Profit = 40%

40% of CP = 880

100% of CP = ₹2,200