Question : A man earns a profit of 20% by selling a calculator for a certain price. If he sells that calculator at double the price, then what will be the profit percentage?
Option 1: 140%
Option 2: 160%
Option 3: 60%
Option 4: 120%
New: SSC CHSL Tier 2 answer key released | SSC CHSL 2024 Notification PDF
Recommended: How to crack SSC CHSL | SSC CHSL exam guide
Don't Miss: Month-wise Current Affairs | Upcoming government exams
New: Unlock 10% OFF on PTE Academic. Use Code: 'C360SPL10'
Correct Answer: 140%
Solution : Let the Cost price be $x$. A man gains 20% by selling an article. Then, selling price $=\frac{120x}{100}=\frac{6x}{5}$ New selling price $=\frac{2\times 6x}{5}=\frac{12x}{5}$ Thus, profit $=$ selling price – cost price $=\frac{12x}{5}-x=\frac{7x}{5}$ $\therefore$ Profit percentage $=\frac{\text{Selling price – Cost price}}{\text{Cost price}}×100=\frac{\frac{7x}{5}}{x}\times100 = 140$% Hence, the correct answer is 140%.
Candidates can download this e-book to give a boost to thier preparation.
Result | Eligibility | Application | Admit Card | Answer Key | Preparation Tips | Cutoff
Question : A trader sells an article at 20 percent profit. If he buys it at half of the cost price and sells at the same selling price as before, then what will be the profit percentage?
Question : A shopkeeper sells a table at a discount of 20% and earns a profit of 60%. If he sells the same table at a 40% discount, then what will be his new profit percentage?
Question : Vinay sells an article at a profit of 20%. If both the cost price and selling price are reduced by Rs. 20, then the profit becomes 40%. What is the initial cost price?
Question : A shopkeeper buys two cameras at the same price. He sells one camera at a profit of 18% and the other at a price 10% less than the selling price of the first. His total profit or loss percentage is:
Question : A shopkeeper sells a table at a discount of 25% on the marked price and earns a profit of 80%. If he sells the same table at a 40% discount, then his new profit is:
Regular exam updates, QnA, Predictors, College Applications & E-books now on your Mobile