Practicing Success

Target Exam

CUET

Subject

General Test

Chapter

Numerical Ability

Topic

Profit and Loss

Question:

By selling 32 oranges for a rupee a man losses 40%. How many oranges should he sell for ₹1 to earn 20% profit?

Options:

20

14

16

22

Correct Answer:

16

Explanation:

CP = \(\frac{1}{32}\) × \(\frac{100}{60}\) = \(\frac{5}{96}\)

SP = \(\frac{5}{96}\) × \(\frac{120}{100}\) = \(\frac{1}{16}\)

Therefore, he should sell 16 oranges for Rs. 1.