For every ₹5 worth of revenue, a retai

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Target Exam

CUET

Subject

General Test

Chapter

Numerical Ability

Topic

Profit and Loss

Question:

For every ₹5 worth of revenue, a retailer earns ₹1. If the cost of the goods was ₹4800, then how much did he earn?

Options:

₹600

₹900

₹1200

₹1120

Correct Answer:

₹1200

Explanation:

Given, Profit = Rs. 1

cost price = 5

Cost price = 5 – 1 = Rs. 4

Profit % = \(\frac{1}{4}\) × 100 = 25%

If, cost price = 4800

Profit = 4800 × 25% = 1200