Practicing Success

Target Exam

CUET

Subject

General Test

Chapter

Numerical Ability

Topic

Profit and Loss

Question:

A sold an article for ₹1495 at a profit of 15%. He purchased another article having cost price equal to the previous article. He sold this new article at a profit of 10%. How much total profit has A earned?

Options:

₹325

₹450

₹375

₹425

Correct Answer:

₹325

Explanation:

⇒ The cost price of the first article = \(\frac{1495}{115}\) × 100 = 1300

⇒ Profit on first article = 1495 – 1300 = Rs. 195

⇒ The cost price of the second article = Rs. 1300

⇒ The selling price of the second article = 1300 × \(\frac{110}{100}\) = Rs. 1430

⇒ Profit in second article = 1430 – 1300 = Rs. 130

⇒ Total profit = 195 + 130 = Rs. 325