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Profit, Loss & Discount · Question 18 of 72

Question 18

MediumOriginal question

Selling a pressure cooker for ₹720 gives a loss of 10%. What selling price would give a profit of 15%?

Options for question 18

Show the answer and explanation
CorrectNot quiteAnswer D

Correct answer: D

Explanation

  1. CP = 720×10090=800720 \times \frac{100}{90} = 800, that is ₹800.

  2. SP for 15% profit = 800×1.15800 \times 1.15 = ₹920.

Worth noting

Going straight from ₹720 by 25% gives ₹900. This is wrong: both percentages are on the CP, so find the CP first.

Concept
Changing from a loss to a profit through the CP
Typical time
55 s
Your time
—
The rule this testsProfit and loss
Practise this chapter →

Ten questions from Profit, Loss & Discount, at your own pace.

Practise this chapter →

Ten questions from Profit, Loss & Discount, at your own pace.