Practicing Success

Target Exam

CUET

Subject

General Test

Chapter

Numerical Ability

Topic

Profit and Loss

Question:

A trader sells an article at 16% below its cost price. Had he sold it for ₹192.20 more, he would have gained 15%. The cost price (in ₹)of the article is:

Options:

620

680

720

640

Correct Answer:

620

Explanation:

ATQ,

16% below the cost price = 84% of the cost price

Gain of 15% means = 115% of the cost price

So,

(16% + 15%) of the cost price = 192.20 

100% of the cost price = \(\frac{192.20 × 100}{31}\) = 620