Practicing Success

Target Exam

CUET

Subject

General Test

Chapter

Numerical Ability

Topic

Profit and Loss

Question:

On a particular transaction, a shopkeeper earns 400% on cost. If the cost rises by 100% and the selling price remains unchanged, the ratio between the new profit and the selling price is:

Options:

1 : 3

2 : 5

3 : 5

1 : 2

Correct Answer:

3 : 5

Explanation:

Let the cost price = 100

Earnings = 400%

Then the selling price = 500

According to the question,

           CP                    SP

Old     100                  500

New    200                 500

New profit = 500 - 200 = 300

New profit : Selling Price = 300 : 500 = 3 : 5