Practicing Success

Target Exam

CUET

Subject

General Test

Chapter

Numerical Ability

Topic

Profit and Loss

Question:

Rahul wants to sell a watch at a profit of 20%. He bought it for 10% less and sold it at Rs. 30 less, but still, he gained 20%. The  cost price of the watch ?

Options:

250

240

230

245

Correct Answer:

250

Explanation:

            C.P.     :     Profit %    :     S.P

1st  :     100     :         20        :     120

2nd :      90      :         20        :     108

Here,

⇒ Difference b/w SP1 and SP2 = 12R

⇒ 12R = 30 (given)

⇒ 1R = 2.5

⇒ Initial C.P. = 100R = 100 × 2.5 = 250