Target Exam

CUET

Subject

General Test

Chapter

Numerical Ability

Topic

Profit and Loss

Question:

A shopkeeper purchased pens in bulk for ₹28 each. He sold each for ₹40. What was his profit percentage?

Options:

42.85%

28.40%

38.75%

48.12%

Correct Answer:

42.85%

Explanation:

The cost price of the pen = 28

The selling price of the pen = 40

Profit = 40 - 28 = 14

Profit% = 12 × \(\frac{100}{28}\) = 42.85%