Practicing Success

Target Exam

CUET

Subject

General Test

Chapter

Numerical Ability

Topic

Profit and Loss

Question:

A shopkeeper sells an item at a loss of 8%. However, if he increases the selling price by ₹36, he could gain 12%. Find the cost price of the article (in ₹) .

Options:

180

270

150

360

Correct Answer:

180

Explanation:

Direct concept =

Loss% + Profit% = Amount added in selling price

8% + 12% = 36

20% of CP = 36

100% of CP = 180