Practicing Success

Target Exam

CUET

Subject

General Test

Chapter

Numerical Ability

Topic

Profit and Loss

Question:

40% of the cost price of an article is equal to 30% of its selling price. The approximate percentage of profit or loss on the cost price is:

Options:

44.44% profit

42.22% loss

35.55% loss

33.33% profit

Correct Answer:

33.33% profit

Explanation:

40% of the cost price = 30% of its selling price

\(\frac{SP}{CP}\) = \(\frac{4}{3}\) 

Profit = 4 - 3 = 1

Profit% = 1 × \(\frac{100}{3}\) = 33.3%