If a person purchases an item at ₹3,00

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Target Exam

CUET

Subject

General Test

Chapter

Numerical Ability

Topic

Profit and Loss

Question:

If a person purchases an item at ₹3,000 and he sells it at 10% profit, then find the selling price of the item.

Options:

₹3,100

₹3,200

₹3,400

₹3,300

Correct Answer:

₹3,300

Explanation:

The cost price of the item for the customer = 3000

Profit earned by him = 10%

Selling price of the article = 110% of the cost price

Selling price of the article = 110% of 3000 = ₹3,300