Practicing Success

Target Exam

CUET

Subject

General Test

Chapter

Numerical Ability

Topic

Profit and Loss

Question:

By selling a tv for Rs. 1134, A suffers as much loss as she would have gained at 10% profit, If she sells it for 1354.50, then her profit % is?

Options:

7.5%

2.5%

8.5%

7.8%

Correct Answer:

7.5%

Explanation:

10% of CP = loss by selling an article at 1134

i.e. 90% of CP = 1134

                CP  = \(\frac{1134}{90}\) × 100 = 1260

Now, P = 1354.50 - 1260 = 94.5

P % = \(\frac{94.5}{1260}\) × 100% = 7.5%