Practicing Success

Target Exam

CUET

Subject

General Test

Chapter

Numerical Ability

Topic

Profit and Loss

Question:

A table is bought for Rs 2450 and sold for Rs 2940. The gain percent is:

Options:

22%

10%

20%

12%

Correct Answer:

20%

Explanation:

Cost price = Rs 2450

Selling price = Rs 2940

Gain = SP - CP = 2940 - 2450 = 490

Gain% = $\frac{Gain}{CP}$ x 100 = $\frac{490}{2450}$ x 100

           = 20%