Practicing Success

Target Exam

CUET

Subject

General Test

Chapter

Numerical Ability

Topic

Profit and Loss

Question:

By what percent the new price of the article must be increased to restore its former value, if the cost of the article is cut by 25% in the past?

Options:

$34\frac{1}{4}$%

$33\frac{1}{3}$%

33%

334%

Correct Answer:

$33\frac{1}{3}$%

Explanation:

If the cost price is cut by 25% then,

      CP           After cutting

     100             75

To restore earlier CP the CP must be increased by

    75               100

so increase percentage = ( 100 - 25 ) × \(\frac{100}{75}\) = $33\frac{1}{3}$%