Practicing Success

Target Exam

CUET

Subject

General Test

Chapter

Numerical Ability

Topic

Profit and Loss

Question:

The selling price of 28 items is equal to the cost price of 17 items. What is the percentage of profit or loss?

Options:

$39\frac{2}{7}$% loss

$39\frac{2}{7}$% profit

$33\frac{2}{7}$% profit

$33\frac{2}{7}$% loss

Correct Answer:

$39\frac{2}{7}$% loss

Explanation:

selling price of 28 = cost price of 17

\(\frac{selling \; price}{cost \; price}\) =  \(\frac{17}{28}\)

Loss% = \(\frac{11}{28}\) × 100 = 39\(\frac{2}{7}\)%