Practicing Success

Target Exam

CUET

Subject

General Test

Chapter

Numerical Ability

Topic

Profit and Loss

Question:

Ram makes a profit of 30%by selling an article. What would be the profit percent if it were calculated on the selling price instead of the cost price? (Correct to one decimal! place)

Options:

22.4%

23.1%

20.1%

24.2%

Correct Answer:

23.1%

Explanation:

30% = \(\frac{3}{10}\)

Let CP = 10

Then, SP = 13

Profit = 13 - 10 = 3

Profit % if profit calculated on selling price = \(\frac{3}{13}\) × 100 = 23.1%