Practicing Success

Target Exam

CUET

Subject

General Test

Chapter

Numerical Ability

Topic

Profit and Loss

Question:

By selling 30 articles, a shopkeeper gains the selling price of 9 articles. His gain percent is:

Options:

30

39

$42\frac{6}{7}$

$40\frac{3}{7}$

Correct Answer:

$42\frac{6}{7}$

Explanation:

Let CP of the each article be Rs. x and SP of each article be Rs. y, then

30y – 30x = 9y

30y – 9y = 30x

21y = 30x

y : x = 30 : 21

CP = 21 and SP = 30

Profit = 30 – 21 = 9

Profit percentage = \(\frac{9}{21}\) × 100 = $42\frac{6}{7}$