Practicing Success

Target Exam

CUET

Subject

General Test

Chapter

Numerical Ability

Topic

Profit and Loss

Question:

After selling 140 apples a fruit seller earns a profit equal to S.P. of 20 apples. His profit percentage is:

Options:

16.70%

17.70%

18.00%

20.00%

Correct Answer:

16.70%

Explanation:

Profit = Selling price - Cost price

SP140 - CP140 = SP20

SP140 - SP20 = CP140

SP120 = CP140

\(\frac{SP }{CP }\) = \(\frac{140 }{120}\)

\(\frac{SP }{CP }\) = \(\frac{7 }{6}\)

Profit% = \(\frac{1 }{6}\) x 100 = 16.66%