By selling an article for ₹300, a pers

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Target Exam

CUET

Subject

General Test

Chapter

Numerical Ability

Topic

Profit and Loss

Question:

By selling an article for ₹300, a person incurred a loss of 6.25%. What is his profit, if it is sold for ₹352?

Options:

₹38

₹42

₹32

₹28

Correct Answer:

₹32

Explanation:

6.25% = $\frac{1}{16}$

SP of the article = 300

CP of the article = 300 × $\frac{16}{15}$ = 320

New SP of the article = 352

Profit = 352 – 320 = ₹32