Practicing Success

Target Exam

CUET

Subject

General Test

Chapter

Numerical Ability

Topic

Profit and Loss

Question:

Anand wanted to sell a watch at a 10% profit, but be actually sold at a 10% loss for ₹360. At what price did be want to sell it to earn the profit?

Options:

₹360

₹400

₹340

₹440

Correct Answer:

₹440

Explanation:

Selling price = 360

Loss% = 10%

So the cost price = 360 × \(\frac{100}{90}\) = 400

Profit = 10% ( wanted)

So the Selling price ( When he sold at 10% profit ) = 400 × \(\frac{110}{100}\) = 440