Practicing Success

Target Exam

CUET

Subject

General Test

Chapter

Numerical Ability

Topic

Profit and Loss

Question:

Rohit sells an article at 9% loss. Had he sold it ₹800 more, he would gain 7%. Find initial cost price.

Options:

₹5000

₹10000

₹6000

₹7000

Correct Answer:

₹5000

Explanation:

Let CP = x

x × \(\frac{7}{100}\) + x × \(\frac{d}{×}\) = 800

\(\frac{16x}{100}\) = 800

CP = x = \(\frac{800 × 100}{16}\) = 5000