Practicing Success

Target Exam

CUET

Subject

General Test

Chapter

Numerical Ability

Topic

Profit and Loss

Question:

Gaurav bought some articles at 5 for ₹6 and sold them at 10 for ₹11. His loss percentage is:

Options:

$8\frac{1}{3}$%

$7\frac{1}{3}$%

$7\frac{2}{3}$%

$8\frac{2}{3}$%

Correct Answer:

$8\frac{1}{3}$%

Explanation:

                                  Quantity              CP     

Bought items =              5                      6

                                  Quantity              SP     

Sold items =                 10                     11

Make quantity equal by multiplying bought items by 2

           Bought          10                  12

            Sold             10                  11

              Loss = 12 - 11 = 1

              Loss% = 1 × \(\frac{100}{12}\) = $8\frac{1}{3}$%