Practicing Success

Target Exam

CUET

Subject

General Test

Chapter

Numerical Ability

Topic

Profit and Loss

Question:

By selling an article for ₹8,670, a man loses 15%. At what price (in ₹) should he sell it in order to make a profit of 15%?

Options:

11,730

13,370

18,590

23,560

Correct Answer:

11,730

Explanation:

Selling price = 8,670

Loss% = 15%

So Cost price = 

85% of the cost price = 8,670

100% of the cost price = 8,670 × \(\frac{100}{85}\) = 10200

Profit = 15%

So the selling price of the article = 115% of the CP

115% of 10200 = 11,730