Practicing Success

Target Exam

CUET

Subject

General Test

Chapter

Numerical Ability

Topic

Profit and Loss

Question:

A person sold an article at a loss of 16%. Had I sold it for ₹660 more, he would have gained 8%. What should be the selling price (in ₹) to gain a profit of 12%?

Options:

2,970

3,200

2,750

3,080

Correct Answer:

3,080

Explanation:

Loss% = 16

Profit% = 8

ATQ, if he had sold it for 660 more than he would gain 8% instead of losing 16%

So, (16 + 8)% = 660

100% = 2750 = cost price

SP at 12% profit = 112% of 2750 = 3080