Practicing Success

Target Exam

CUET

Subject

General Test

Chapter

Numerical Ability

Topic

Profit and Loss

Question:

Ram sold a plot for Rs4,00,000 at a 20% loss. For what price should he sells the plot to gain a 5% profit ?

Options:

Rs.5,25,000

Rs.5,20,000

Rs.5,00,000

Rs.5,05,000

Correct Answer:

Rs.5,25,000

Explanation:

20% loss on cost price means 80% of cost price and 5% of profit on cost price means 105% of the cost price.

80% of cost price = Rs.4,00,000 

105% of cost price =  \(\frac{4,00,000}{80}\) × 105 = Rs.5,25,000