Practicing Success

Target Exam

CUET

Subject

General Test

Chapter

Numerical Ability

Topic

Profit and Loss

Question:

An article is sold for ₹ x. If it is sold at 33\(\frac{1}{3}\)% of this price, there is a loss of 20%. What is the percentage profit when it is sold for ₹ x?

Options:

120

125

130

140

Correct Answer:

140

Explanation:

New SP = x × \(\frac{1}{3}\) = \(\frac{x}{3}\)

       CP = \(\frac{x}{3}\) × \(\frac{100}{80}\) = \(\frac{5x}{12}\)

Now sold on old SP i.e. → x

Profit % = \(\frac{(x - \frac{5x}{12})}{\frac{5x}{12}}\) x 100 = 140%