Practicing Success

Target Exam

CUET

Subject

General Test

Chapter

Numerical Ability

Topic

Profit and Loss

Question:

P sold an item to Q at a 20% gain, and Q sold it to R at a loss of 10%. If R bought the item for ₹1,080, then at what price did P purchase it?

Options:

₹5000

₹3000

₹1000 

₹800

Correct Answer:

₹1000 

Explanation:

                     P                          Q                          R

CP               100 ---20%P-------120-----10%L--------108

                   ⇓×                                                       ⇓× 10

                 1000                                                   1,080 (Given)