By selling 120 mangoes, a shopkeeper gai

CUET Preparation Today

Start Free Mocks

Home Questions YQWUYJ8XCM

Target Exam

CUET

Subject

General Test

Chapter

Numerical Ability

Topic

Profit and Loss

Question:

By selling 120 mangoes, a shopkeeper gains the selling price of 20 mangoes. Find his profit percentage.

Options:

20%

25%

10%

12%

Correct Answer:

20%

Explanation:

By selling 120 mangoes, a shopkeeper gains the selling price of 20 mangoes means,

120SP - 120CP = 20SP

6SP - 6CP = SP

6SP - SP = 6CP

5SP = 6CP

SP : CP = 6 : 5

Profit% = ( 6 – 5 ) × $\frac{100}{5}$ = 20%