Practicing Success

Target Exam

CUET

Subject

General Test

Chapter

Numerical Ability

Topic

Profit and Loss

Question:

By selling an article for ₹1,170. Elisa suffers as much loss as she would have gained by selling it at a profit of 22%. If she sells it for ₹1,450, then her profit/loss per cent (correct up to one decimal place) is:

Options:

Profit, 3.3

Loss, 3.3

Loss, 26.2

Profit, 26.2

Correct Answer:

Loss, 3.3

Explanation:

Selling price = 1270

According to the question,

Profit% = Loss%

Profit = 22%

Then, loss = 22%

Now, 78% of cost price = 1170

100% of the cost price = 1170 × \(\frac{100}{78}\) = 1500

Selling price given = 1450

Loss = 1500 - 1450 = 50

Loss% = 50 × \(\frac{100}{1500}\) = 3.33%