Practicing Success

Target Exam

CUET

Subject

General Test

Chapter

Numerical Ability

Topic

Profit and Loss

Question:

Sudha sold an article to Renu for ₹576 at a loss of 20%. Renu spent a sum of ₹224 on its transportation and sold it to Raghu at a price which would have given Sudha profit of 24%. The percentage of gain for Renu is:

Options:

13.2%

12.9%

11.6%

10.5%

Correct Answer:

11.6%

Explanation:

Sudha sold to Renu for = 576

Loss was = 20%

So,

Cost price for Sudha = Rs. 576 × \(\frac{5}{4}\) = 720

Final cost price for Renu = 576 + 224 = 800

Profit gain for Renu = Rs. 720 × \(\frac{124}{100}\) = 892.8

Profit percentage for Renu = \(\frac{92.8}{800}\) × 100 = 11.6%