Practicing Success

Target Exam

CUET

Subject

General Test

Chapter

Numerical Ability

Topic

Profit and Loss

Question:

Cost price of two articles is same. 1st is sold at 20% profit and 2nd is sold at 20% profit. Find overall profit percent.

Options:

40%

44%

20%

4%

Correct Answer:

20%

Explanation:

Let CP of each article = Rs. 100

Profit on 1st article = 100 × 20% = 20

Profit on IInd article = 100 × 20% = 20

             Total profit = 40

Overall profit % = \(\frac{40}{200}\) × 100 = 20%