Practicing Success

Target Exam

CUET

Subject

General Test

Chapter

Numerical Ability

Topic

Profit and Loss

Question:

A shopkeeper sells his goods at 7% profit. Had he sold it ₹4200 more than he would gain 13% profit. Find initial cost price.

Options:

₹80000

₹75600

₹65900

₹70000

Correct Answer:

₹70000

Explanation:

Let CP = x

x × \(\frac{13}{100}\) - x × \(\frac{7}{100}\) = 4200

x × \(\frac{6}{100}\) = 4200

CP = x = 70000