A chair was purchased for ₹785 and sol

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Target Exam

CUET

Subject

General Test

Chapter

Numerical Ability

Topic

Profit and Loss

Question:

A chair was purchased for ₹785 and sold at a profit of 22%. What was the selling price?

Options:

₹987.4

₹768.3

₹857.9

₹957.7

Correct Answer:

₹957.7

Explanation:

The cost price of the chair = 785

Profit % = 22%

Then the selling price of the chair = 785 × \(\frac{122}{100}\) = ₹957.7