Practicing Success

Target Exam

CUET

Subject

General Test

Chapter

Numerical Ability

Topic

Profit and Loss

Question:

As part of Diwali offer, a jeweller allows a discount of 15%. Even after giving the discount, he makes a profit of 6.25%. Rani bought a gold chain which was marked at ₹5,000 from this jeweller. Find the cost price of the chain for the jeweller.

Options:

₹5,000

₹4,400

₹3,400

₹4,000

Correct Answer:

₹4,000

Explanation:

CP                          MP

(100-15)            (100+6.25)

85                       106.25

⇓                             ⇓

 × 47.06            × 47.06

⇓                           ⇓

4000                5000 (Given)