Question : A person sold 28 articles for Rs, 2800 and incurred a loss of 20%. How many articles should he sell for Rs. 4400 to make a profit of 10%?
Option 1: 16
Option 2: 40
Option 3: 32
Option 4: 24
New: SSC MTS Tier 1 Answer key 2024 out
Don't Miss: Month-wise Current Affairs | Upcoming Government Exams
New: Unlock 10% OFF on PTE Academic. Use Code: 'C360SPL10'
Correct Answer: 32
Solution : Selling price of one article = $\frac{2800}{28}=100$ Cost price of one article = $100 \times \frac{100}{80}$ = Rs. 125 Now, to get Rs. 4400 making a profit of 10%, the selling price is 110% of the cost price. Selling price of 1 article = Cost price of 1 article $\times \frac{100 + \text{Profit percentage}}{100}$ = $125 \times \frac{110}{100}$ = Rs. 137.5 Number of articles to be sold = $\frac{\text{Total Selling Price}}{\text{Selling price of 1 article}}$ = $\frac{4400}{137.5} =32$ Hence, the correct answer is 32.
Answer Key | Cutoff | Selection Process | Preparation Tips | Eligibility | Application | Exam Pattern
Question : A person bought 8 articles for Rs. 2. Find at what price should he be able to sell 120 articles to get a profit of 10%.
Question : If 80% of total articles are sold at a loss of 25% and the remaining articles are sold at a profit of 20%, what will be the overall loss percentage?
Question : A man sells his bike for Rs. 1,32,000 earning a profit of 10%. If he had sold it for Rs. 1,26,000, then what is his profit or loss percent?
Question : A man sold an item for Rs. 33,750 and incurred a loss of 25%. At what price should he sell the item to have a profit of 25%?
Question : Shivam purchased two watches, the first for Rs. 12000 and the second for Rs. 16000. He sold both watches, the first one at a profit of 10% and the second at a loss of 10%. What is the overall profit or loss?
Regular exam updates, QnA, Predictors, College Applications & E-books now on your Mobile