Practicing Success

Target Exam

CUET

Subject

General Test

Chapter

Numerical Ability

Topic

Simple Interest

Question:

The profit percent earned by selling a centre table for Rs 13440 is equal to the loss percent made by selling the same centre table for Rs 10560. At what price should the article be sold to make 20% profit?

Options:

Rs 12000

Rs 24000

Rs 14400

Rs 18000

Correct Answer:

Rs 14400

Explanation:

Let the cost price of the centre table = x

Profit at SP = 13440 = Loss at SP = 10560

Thus, 13440 - x = x - 10560

                  2x   =  2880 or x = 12000

CP = Rs 12000

To make profit of 20%, SP = $\frac{6}{5}$ x 12000 = Rs 14400