On selling 24 balls at Rs.950, there is

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Target Exam

CUET

Subject

General Test

Chapter

Numerical Ability

Topic

Profit and Loss

Question:

On selling 24 balls at Rs.950, there is a loss equal to the cost price of 5 balls. The cost price of a ball is:

Options:

Rs.60

Rs.50

Rs.70

Rs.80

Correct Answer:

Rs.50

Explanation:

Loss = C.P. - S.P.

C.P. of 5 = C.P. of 24 - S.P. of 24

C.P. of 19 = S.P. of 24

Here, S.P. of 24 balls = Rs.950 (given)

Therefore.

C.P. of 19 balls = Rs. 950

C.P. of 1 ball = \(\frac{950}{19}\) = Rs.50