Practicing Success

Target Exam

CUET

Subject

General Test

Chapter

Numerical Ability

Topic

Profit and Loss

Question:

A trader sells his goods to a customer at a profit of y%. If he gives 900gm instead of 1 kg, then his overall profit will be 20%. Find the value of y.

Options:

4

8

12

25

Correct Answer:

8

Explanation:

Let the cost of 1000 gm = Rs. 100

SP of 1000 gm = (100+y)

But he uses 900 gm instead of 1000 gm

SP of 900 gm = (100+y)

∴ CP of 900 gm = 90

ATQ,

       20 = \(\frac{100+y - 90}{90}\) × 100

         y = 8