Practicing Success

Target Exam

CUET

Subject

General Test

Chapter

Numerical Ability

Topic

Profit and Loss

Question:

Giri bought an old machine for ₹2,000 and spent ₹500 on its repair. He sold it for ₹4,000. His profit percentage is:

Options:

30%

60%

40%

20%

Correct Answer:

60%

Explanation:

Total CP = buying price + spending money = 2000 + 500 = 2500

Selling Price = 4000

Profit = \(\frac{(4000 - 2500)}{2500}\) × 100 = 60%