Practicing Success

Target Exam

CUET

Subject

General Test

Chapter

Numerical Ability

Topic

Profit and Loss

Question:

Rajiv sells a pen at a profit of 5 percent. If he sells for Rs. 36 more, then he earns a profit of 14 percent. What is the cost price of the pen?

Options:

Rs. 600

Rs. 300

Rs. 500

Rs. 400

Correct Answer:

Rs. 400

Explanation:

First profit = 5%

Second profit = 14%

Difference in rupees between profits = 36

According to the question,

(14 - 5) % of Cost Price = 36

9% of Cost Price = 36

100% of Cost Price = 400