Practicing Success

Target Exam

CUET

Subject

General Test

Chapter

Numerical Ability

Topic

Profit and Loss

Question:

If Ravi sells an old scooter for ₹18,000, then his loss incurred is 10%. If he sells it to gain a profit of 15%, then the selling price is:

Options:

₹20, 000

₹22, 000

₹24, 000

₹23, 000

Correct Answer:

₹23, 000

Explanation:

Selling price of a scooter = 18,000

Loss = 10%

He wants a profit of = 15%

According to the question,

The selling price = 18,000 × \(\frac{115}{90}\) = ₹23, 000