Ravi sold a chair at a loss of 40%. The

CUET Preparation Today

Start Free Mocks

Home Questions ECNMBT76UM

Target Exam

CUET

Subject

General Aptitude Test

Chapter

Numerical Ability

Topic

Profit and Loss

Question:

Ravi sold a chair at a loss of 40%. The selling price of the chair is ₹900. What is the cost price of the chair?

Options:

₹1,800

₹1,260

₹1,660

₹1,500

Correct Answer:

₹1,500

Explanation:

Let the price of the chair = 100

Loss = 40%

Selling price = 900

So, 60% of CP = 900

100% of CP = 1500