Practicing Success

Target Exam

CUET

Subject

General Test

Chapter

Numerical Ability

Topic

Profit and Loss

Question:

When an article is sold for ₹115, the profit is twice as much as when it is sold for ₹95. The cost price of the article is

Options:

₹65

₹75

₹85

₹90

Correct Answer:

₹75

Explanation:

When Selling price = 115 ,

Let cost price of article = A

Profit = 115 - A

When Selling price = 95

Profit =95 - A

According to the information given,

115 - A = 2(95 - A)

115 - A = 190 - 2A

115 + A = 190

A = 190 - 115

A = 75

So, the cost price of the article is ₹75.