3 Views

Question : A dealer sold an article at a loss of 2%. Had he sold it for INR 44 more, he would have gained 20%. Find the cost price of the article.

Option 1: INR 250

Option 2: INR 300

Option 3: INR 400

Option 4: INR 200


Team Careers360 19th Jan, 2024
Answer (1)
Team Careers360 23rd Jan, 2024

Correct Answer: INR 200


Solution : Given: A dealer sold an article at a loss of 2%. Had he sold it for INR 44 more, he would have gained 20%.
Let the cost price of the article be 100%.
The first percent = – 2% and the second percent = 20%.
The difference between the percentage = 20 – (–2) = 22%.
The cost price of the article at 22% = INR 44.
The 1% of the cost price of the article = INR 2.
The 100% of the cost price of the article = INR 200.
Hence, the correct answer is INR 200.

SSC CGL Complete Guide

Candidates can download this ebook to know all about SSC CGL.

Download EBook

Know More About

Related Questions

TOEFL ® Registrations 2024
Apply
Accepted by more than 11,000 universities in over 150 countries worldwide
Manipal Online M.Com Admissions
Apply
Apply for Online M.Com from Manipal University
GRE ® Registrations 2024
Apply
Apply for GRE® Test now & save 10% with ApplyShop Gift Card | World's most used Admission Test for Graduate & Professional Schools
View All Application Forms

Download the Careers360 App on your Android phone

Regular exam updates, QnA, Predictors, College Applications & E-books now on your Mobile

150M+ Students
30,000+ Colleges
500+ Exams
1500+ E-books