Practicing Success

Target Exam

CUET

Subject

General Test

Chapter

Numerical Ability

Topic

Profit and Loss

Question:

A trader presently earns 17% profit by selling an article. If he increases the price of the article by ₹33.60, his gain percent increases to 29%. What is the cost price of article?

Options:

₹320

₹280

₹300

₹240

Correct Answer:

₹280

Explanation:

Direct concept =

Second Profit - First Profit = gain in price of the article 

29% - 17% = 33.60

12% of CP = 33.6

100% of CP = ₹280