Practicing Success

Target Exam

CUET

Subject

General Test

Chapter

Numerical Ability

Topic

Profit and Loss

Question:

The difference in selling price of an article when it is sold at 20% profit and 18% loss is ₹570. If it is sold at 12% loss, then what will be the selling price of the article?

Options:

₹1760

₹1540

₹1320

₹1650

Correct Answer:

₹1320

Explanation:

The selling price sold at 20% profit = 120

The selling price sold at 18% loss = 82

Difference = 120x - 82x = 38x

38x = 570

if it is sold at 12% loss then the selling price will be equal to 88% of the sold price

then, New SP = 88x = \(\frac{570}{38}\) × 88 = ₹1320