Practicing Success

Target Exam

CUET

Subject

General Test

Chapter

Numerical Ability

Topic

Profit and Loss

Question:

The profit earned after selling an article for ₹8,579 is the same as the loss incurred after selling the article for ₹6,341. The profit percentage is:%

Options:

15%

12%

18%

20%

Correct Answer:

15%

Explanation:

In this type of questions where the loss and the profit is same in both the cases of selling then the cost price of the article is the mean of the two selling prices,

So First SP  = 8579 

Second SP = 6341

cost price of the article = \(\frac{8579  + 6341}{2}\) = 7460

Profit percentage = (8579  - 7460 ) × \(\frac{100}{7460}\) = 15%