Practicing Success

Target Exam

CUET

Subject

General Test

Chapter

Numerical Ability

Topic

Profit and Loss

Question:

A watch is sold at a profit of 25%. Had it been sold for Rs. 120 less than, there would have been a less then of 15%. What is the cost price in rupees ?

Options:

Rs 400 

Rs. 350

Rs. 200

Rs. 300

Correct Answer:

Rs. 300

Explanation:

Let the cost price = 100x

According to the question,

100x × 125% - 120 = 100x × 85%

= 125x - 120 = 85x

= 40x = 120

= x = 3

So, cost price = 100 × 3 = Rs. 300 = Rs. 300