Practicing Success

Target Exam

CUET

Subject

General Test

Chapter

Numerical Ability

Topic

Profit and Loss

Question:

Sohan sold a plot for ₹2,55,000 at a 15% loss. At what price should he sell the plot to gain a 10% profit?

Options:

₹3,33,000

₹3,30,000

₹3,33,300

₹3,00,000

Correct Answer:

₹3,30,000

Explanation:

The selling price of the plot = 2,55,000 

Loss = 15%

Profit he wants = 10%

So according to the question,

85% of the CP = 2,55,000 

115% of the CP = 2,55,000  × \(\frac{110}{85}\) = ₹3,30,000