Question : A trader sold an article at a profit of 20%. Had he bought that article at 60% less price and sold it at INR 90, he would have gained 50%. What is the value (in INR) of the cost price?
Option 1: 150
Option 2: 200
Option 3: 250
Option 4: 300
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: 150
Solution : When the price is 60% less than the original cost price, So, the new cost price = 40% of the original cost price In this case, profit = 50% of new cost price = 50% of 40% of original cost price = 20% of the original cost price Also, the new selling price = INR 90 Since selling price = cost price + profit So, INR 90 = 40% of original cost price + 20% of original cost price ⇒ INR 90 = 60% of the original cost price ⇒ Original cost price = $\frac{90}{0.6}$ = INR 150 Hence, the correct answer is 150.
Candidates can download this ebook to know all about SSC CGL.
Result | Eligibility | Application | Selection Process | Preparation Tips | Admit Card | Answer Key
Question : A dealer sold an article at a loss of 2%. Had he sold it for INR 44 more, he would have gained 20%. Find the cost price of the article.
Question : A man sells an article for a 15% profit. If he had sold it for INR 6 more, he would have gained 18%. The man bought the article for:
Question : Anil bought two articles A and B at a total cost of INR 10,000. He sold Article A at a 15% profit and Article B at a 10% loss. In the whole deal, he made no profit or loss. Find the selling price of the article A.
Question : While selling an article for INR 18,450, a person suffered a loss of 50%. At what price he should have sold the article to earn a profit of 50%?
Question : A man bought 30 defective machines for INR 1,000. He repaired and sold them at a rate of INR 300 per machine. He made a profit of INR 150 per machine. How much did he spend on repairs?
Regular exam updates, QnA, Predictors, College Applications & E-books now on your Mobile