Practicing Success

Target Exam

CUET

Subject

General Test

Chapter

Numerical Ability

Topic

Profit and Loss

Question:

If a man were to sell his home theatre system for ₹14,400, he would lose 25%. But if he wants to gain 20%, the item should be sold for:

Options:

₹ 23,040

₹ 23,000

₹ 22,960

₹ 23,300

Correct Answer:

₹ 23,040

Explanation:

Selling price at 25% loss = 14,400

Gain wanted = 20%

C.P = 14,400 × \(\frac{4}{3}\)

C.P = 19,200

Hence,  C.P = Rs.19,200

Now, S.P at 20% gain 

 \(\frac{6}{5}\) × 19,200

Rs. = 23,040