Practicing Success

Target Exam

CUET

Subject

General Test

Chapter

Numerical Ability

Topic

Profit and Loss

Question:

The selling price of 7 articles is the same as the cost price of 4 articles. The gain or loss percent is:

Options:

40\(\frac{6}{7}\)%

45\(\frac{6}{7}\)%

42\(\frac{6}{7}\)%

34\(\frac{6}{7}\)%

Correct Answer:

42\(\frac{6}{7}\)%

Explanation:

ATQ,

⇒ S.P. of 7 =  C.P. of 4

⇒ C.P. : S.P. = 7 : 4

⇒ Loss = 7 - 4 = 3

⇒ Loss percentage = \(\frac{3}{7}\) × 100 =  42\(\frac{6}{7}\)%