The cost price of a notebook is ₹120.

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Target Exam

CUET

Subject

General Test

Chapter

Numerical Ability

Topic

Profit and Loss

Question:

The cost price of a notebook is ₹120. It is sold at a profit of 40%. What is the nominal profit made on the sale of each notebook?

Options:

₹36

₹48

₹24

₹40

Correct Answer:

₹48

Explanation:

The cost price of a notebook = 120

Profit = 40%

Then the amount of nominal profit = 120 × \(\frac{40}{100}\) = 48