Practicing Success

Target Exam

CUET

Subject

General Test

Chapter

Numerical Ability

Topic

Profit and Loss

Question:

On selling an article for Rs. 7200, a person losses 25% of its cost price. At what price he should sell it to gain 25% on its cost price?

Options:

12000

10000

13000

15000

Correct Answer:

12000

Explanation:

Loss of 25% ⇒ 75% of C.P. = 7200

                        1% of C.P. = \(\frac{7200}{75}\)

                     100% of C.P. = 9600

To gain 25%, article selling price must be 125% of CP

            SP = \(\frac{9600 × 125}{100}\) = 12000