Practicing Success

Target Exam

CUET

Subject

General Test

Chapter

Numerical Ability

Topic

Profit and Loss

Question:

By selling a car for ₹6,32,500, a showroom owner makes a profit of 15%. If he sold the car at ₹8,10,000, then what would be the profit percentage (correct to one decimal place)?

Options:

47.3%

44.8%

41.5%

51.4%

Correct Answer:

47.3%

Explanation:

Selling price of the car = 6,32,500

Profit % = 15%

Cost price = 6,32,500 × \(\frac{100}{115}\) = 550000

If he sold the car = 8,10,000

Then profit = 8,10,000 - 550000 = 260000

Profit% = 260000 × \(\frac{100}{550000 }\) = 47.3%