Practicing Success

Target Exam

CUET

Subject

General Test

Chapter

Numerical Ability

Topic

Profit and Loss

Question:

A person sold a chair at a profit of 15%. Had he sold it for 607.50 more, he would have gained x%. If the cost price of the chair is 3750, then the value of x%?

Options:

16.2%

31.2%

29.6%

32%

Correct Answer:

31.2%

Explanation:

P% = \(\frac{607.50}{3750}\) × 100 = 16.2%

x% = 15% + 16.2% = 31.2%