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?
Option 1: 240 percent
Option 2: 40 percent
Option 3: 140 percent
Option 4: 60 percent
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 percent
Solution : Let the cost Price of the article be Rs. 100 Selling Price of the article at 20% profit = Rs. 100 + Rs. 20 = Rs. 120 The new Cost Price of the article = Rs. 50 Selling Price = Rs. 120 Now Profit = Rs. 120–Rs. 50 = Rs. 70 Profit percentage = $\frac{\text{Profit}}{\text{Cost Price}}\times 100$% ⇒ Profit percentage = $\frac{70}{50}\times 100 = 140$% Hence, the correct answer is 140 percent.
Candidates can download this e-book to give a boost to thier preparation.
Result | Eligibility | Application | Admit Card | Answer Key | Preparation Tips | Cutoff
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 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?
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 : 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 : The marked price of an article is 150 percent of the cost price. If a 20 percent discount is given, then what will be the profit percentage?
Regular exam updates, QnA, Predictors, College Applications & E-books now on your Mobile