Practicing Success

Target Exam

CUET

Subject

General Test

Chapter

Numerical Ability

Topic

Profit and Loss

Question:

A man has 5 article of equal cost price. If he sells 1st at 2% profit, 2nd at 3% loss, 3rd at 10% profit and 4th at 4% profit. If he wants to gain 6% profit overall, then find profit or loss percentage on fifth article.

Options:

12.5%

15%

17%

20%

Correct Answer:

17%

Explanation:

Let cost price of each article = 100 Rs.

ATQ,

    x + 100 × 2% - 100 × 3% + 100 × 10% + 100 × 4% = 500 × 6%

⇒ x + 2 - 3 + 10 + 4 = 30

⇒ x + 13 = 30

⇒ x = 17%