Question : A person bought pens at 25 for a rupee and sold them at 15 for a rupee. What is his profit percentage?
Option 1: $16\frac{2}{3}$%
Option 2: $33\frac{1}{3}$%
Option 3: $66\frac{2}{3}$%
Option 4: $40$%
Latest: SSC CGL Tier 1 Result 2024 Out | SSC CGL preparation tips to crack the exam
Don't Miss: SSC CGL Tier 1 Scorecard 2024 Released | SSC CGL complete guide
Suggested: Month-wise Current Affairs | Upcoming Government Exams
Correct Answer: $66\frac{2}{3}$%
Solution : The cost price of 25 pens = INR 1 ⇒ The cost price of 1 pen = INR $\frac{1}{25}$ Also, the selling price of 15 pens = INR 1 ⇒ The selling price of 1 pen = INR $\frac{1}{15}$ Profit = Selling price – Cost price = $\frac{1}{15}$ – $\frac{1}{25}$ = $\frac{5-3}{75}$ = $\frac{2}{75}$ So, profit percentage = $\frac{\text{Profit}}{\text{Cost price}}\times 100$ = $\frac{\frac{2}{75}}{\frac{1}{25}}\times 100$ = $\frac{200}{3}$ = $66\frac{2}{3}$% Hence, the correct answer is $66\frac{2}{3}$%.
Candidates can download this ebook to know all about SSC CGL.
Admit Card | Eligibility | Application | Selection Process | Preparation Tips | Result | Answer Key
Question : A shopkeeper bought a cycle for INR 1,200 and sold it for INR 1,500. Find his profit/loss percentage.
Question : An article is sold at a certain price. If it is sold at $33 \frac{1}{3}$% of this price, there is a loss of $33 \frac{1}{3}$%. What is the percentage profit if the article is sold at 80% of its original selling price?
Question : If A's salary is 40% less than that of B, how much percent is B's salary more than that of A?
Question : A merchant changed his trade discount from 25% to 15%. This would increase his selling price by:
Question : A sold an article to B at 25% profit, and B further sold it to C by earning a certain profit. If the cost price for C is 30% more than the cost price for A, find the profit percentage earned by B.
Regular exam updates, QnA, Predictors, College Applications & E-books now on your Mobile