Practicing Success

Target Exam

CUET

Subject

General Test

Chapter

Numerical Ability

Topic

Profit and Loss

Question:

By selling an article for 131.25 Rs. a trader gains as much percent as the number representing the cost price of the article. In order to earn 40% profit, at what price should he sell the article?

Options:

105

140

100

75

Correct Answer:

105

Explanation:

let CP = Rs.x

ATQ,

x × \(\frac{(100+ x)}{100}\) = S.P. = 131.25

x × \(\frac{(100+ x)}{100}\) = \(\frac{13125}{100}\)

x (100+x) = 13125

⇒ {75 × 175 = 13175}

Therefore,

x = 75

On 40% profit S.P. = 75 × \(\frac{140}{100}\) = 105