Practicing Success

Target Exam

CUET

Subject

General Test

Chapter

Numerical Ability

Topic

Profit and Loss

Question:

By selling a property for Rs 45000 a person incurs a loss of 10%. Find the selling price to gain the profit of 15 %?

Options:

55000

60000

57500

58000

Correct Answer:

57500

Explanation:

According to the question:

Selling price at a loss of 10% = Rs.45000

Cost price × 90% = 45000

Cost price = \(\frac{45000}{90%}\)

Selling price at a profit of 15% = C.P. × 115%

                                              = \(\frac{45000}{90%}\) × 115%

                                              = \(\frac{45000 }{90 }\) * 115

                                              = Rs.57500