Question : A person sold an article at a loss of 4%. Had he sold it at a gain of 1%, he would have received Rs. 42.5 more. To gain 18%, what must be his selling price?
Option 1: Rs. 756
Option 2: Rs. 900
Option 3: Rs.1003
Option 4: Rs. 850
New: SSC MTS 2024 Application Form OUT; Direct Link
Don't Miss: Month-wise Current Affairs | Upcoming Government Exams
New: Unlock 10% OFF on PTE Academic. Use Code: 'C360SPL10'
Correct Answer: Rs.1003
Solution : Let the cost price of the article be $x$. A person sold an article at a loss of 4%. Selling price of the article = $\frac{96}{100}×x=\frac{24x}{25}$ According to the question, $\frac{101x}{100}-\frac{24x}{25}=42.5$ $⇒\frac{101x-96x}{100}=42.5$ $⇒\frac{x}{20}=42.5$ $\therefore x=850$ To gain 18%, selling price $=\frac{118}{100}×850=1003$ Hence, the correct answer is Rs. 1003.
Application | Cutoff | Selection Process | Preparation Tips | Eligibility | Exam Pattern | Admit Card
Question : An article was sold at a loss of 14%. If it was sold for Rs. 756 more, then there would have been a gain of 7%. Find the cost price of the article.
Question : The selling price of an article is Rs. 616. If the loss percentage is 30%, then what is the cost price of the article?
Question : The selling price of an article is Rs. 817. If the loss percentage is 14%, then what is the cost price of the article?
Question : After selling the article for Rs. 430, a person had a loss of 14%. For earning a gain of 14% how much amount an article will be sold?
Question : A shopkeeper sells an item at a loss of 8%. However, if he increases the selling price by Rs. 36, he could gain 12%. Find the cost price of the article (in Rs.).
Regular exam updates, QnA, Predictors, College Applications & E-books now on your Mobile