Practicing Success

Target Exam

CUET

Subject

General Test

Chapter

Numerical Ability

Topic

Profit and Loss

Question:

Shubham bought a book from Meesho at ₹500. Meesho also charged an additional ₹25 for packaging and ₹50 for delivering the book. For what amount should Shubham sell his book to make a profit of 16%?

Options:

₹667

₹612

₹783

₹458

Correct Answer:

₹667

Explanation:

Cost price for shubham = 500

Other charges = 50 and 25 rupees

total cost price = 500 + 75 = 575

Profit earned on total cost = 16%

So the selling price = 116% of 575 =  667