Practicing Success

Target Exam

CUET

Subject

General Test

Chapter

Quantitative Reasoning

Topic

Data Interpretation & Stats

Question:

The following bar chart shows the revenue (in thousand rupees) generated from the sale of 5 different objects, Q1 to Q5.

The following bar chart shows the profit percentage gained through the sales of these 5 objects.

Profit percentage = $\frac{Revenue − Cost}{Cost}$ × 100
What is the cost incurred in the procurement and sale of Q1?

Options:

₹1,40,000

₹1,20,000

₹1,50,000

₹1,60,000

Correct Answer:

₹1,50,000

Explanation:

Profit percentage = $\frac{Revenue − Cost}{Cost}$ × 100

Revenue of Q1 = 180

Profit of Q1 = 20%

20% = $\frac{180000 − Cost}{Cost}$ × 100

0.2 = $\frac{180000 }{Cost}$  - 1

1.2 = $\frac{180000 }{Cost}$

Cost = $\frac{180000 }{1.2}$ = 150000