Practicing Success

Target Exam

CUET

Subject

General Test

Chapter

Numerical Ability

Topic

Profit and Loss

Question:

By selling 30 oranges for a rupee a man losses 30%. How many oranges should he sell for Rs.1 to earn 40% profit?

Options:

14

15

18

20

Correct Answer:

15

Explanation:

CP = \(\frac{1}{30}\) × \(\frac{100}{70}\) = \(\frac{1}{21}\)

SP = \(\frac{1}{21}\) × \(\frac{140}{100}\) = \(\frac{1}{15}\)

Therefore, he should sell 15 oranges for Rs. 1.