Practicing Success

Target Exam

CUET

Subject

General Test

Chapter

Numerical Ability

Topic

Profit and Loss

Question:

The selling price of a pen is ₹660. If the profit is 20%, then what is the nominal profit earned on the sale of the pen?

Options:

₹110

₹130

₹140

₹90

Correct Answer:

₹110

Explanation:

Selling price of the article = 660

Profit earned = 20%

Then according to the question,

120% of the CP = SP

120% of the CP = 660

then ,100% of the CP = 550

Profit amount = 660 - 550 = 110