Sumit sold a television at ₹15,500 and

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Target Exam

CUET

Subject

General Test

Chapter

Numerical Ability

Topic

Profit and Loss

Question:

Sumit sold a television at ₹15,500 and suffered a loss of 20%. At what price did he buy the television?

Options:

₹21,350

₹18,730

₹19,375

₹12,916

Correct Answer:

₹19,375

Explanation:

The selling price of the television = 15500

Loss = 20%

So, the cost price of the television = \(\frac{15500}{80}\) × 100 = ₹19,375