Practicing Success

Target Exam

CUET

Subject

General Test

Chapter

Numerical Ability

Topic

Profit and Loss

Question:

The profit earned when article is sold for ₹8000 is 20 times the loss incured when it is sold for ₹2750. Find at what price he sold his goods if he wants to earn 20% profit.

Options:

₹3400

₹3800

₹3200

₹3600

Correct Answer:

₹3600

Explanation:

ATQ,

       (8000 - P) = 20 (P - 2750)

                 21P = 63000

                    P = 3000

       SP at 20% = 3000 × \(\frac{120}{100}\) = 3600