Practicing Success

Target Exam

CUET

Subject

General Test

Chapter

Numerical Ability

Topic

Profit and Loss

Question:

Two bikes cost ₹40000 each. One of them is sold for ₹48000. At what price should the other be sold to get an overall profit of 25%?

Options:

₹60,000

₹48,000

₹52,000

₹50,000

Correct Answer:

₹52,000

Explanation:

Cost price of first bike = Cost price of second bike = 40000

Overall profit to be earned = 25% = 25% of 80000 = 20000

Selling price of the first = 48000

Profit earned on first = 48000 - 40000 = 8000

Then, the profit earned on second = 20000 - 8000 = 12000

So the selling price of the second = 40000 + 12000 = 52000