Practicing Success

Target Exam

CUET

Subject

General Test

Chapter

Numerical Ability

Topic

Profit and Loss

Question:

An almirah was sold at a profit of 15%. If its cost had been 5% less and it had been sold for 1470 Rs less, then the profit would have been 10%. What is the cost price of the almirah?

Options:

14000

29400

16100

294000

Correct Answer:

14000

Explanation:

                 CP      :        SP

Earlier:     100     :      115

Now:          95     :     104.5                      (10% of 95 = 9.5)

ATQ,

115R  - 104.5 R = 1470

10.5 R = 1470

1R = \(\frac{1470}{10.5}\) = 140

C.P. = 100R = 100 × 140 = 14000/-