Question : By selling a watch for INR 2,000, a shopkeeper loses 20%. How much would he gain or lose by selling it for INR 3,000?
Option 1: 20% gain
Option 2: 25% gain
Option 3: 15% loss
Option 4: 25% loss
Latest: SSC CGL preparation tips to crack the exam
Don't Miss: SSC CGL complete guide
New: Unlock 10% OFF on PTE Academic. Use Code: 'C360SPL10'
Correct Answer: 20% gain
Solution : Selling Price = INR 2,000 Loss = 20% of Cost Price Selling Price = 80% of Cost Price 2,000 = $\frac{80}{100}$ × Cost Price Cost Price = $\frac{2000}{0.8}$ = 2500 Selling Price = INR 3,000 Here SP > CP So, it's a profit. Profit = 3000 – 2500 = INR 500 Profit% = $\frac{500}{2500}×100$ = 20% Hence, the correct answer is 20% gain.
Candidates can download this ebook to know all about SSC CGL.
Answer Key | Eligibility | Application | Selection Process | Preparation Tips | Result | Admit Card
Question : A table was bought for INR 3,000 and sold for INR 3,200. Find the gain or loss in terms of money.
Question : If the selling price of 40 articles is equal to the cost price of 50 articles, the loss or gain percent is:
Question : By selling cloth at INR 9 per metre, a shopkeeper loses 10%. Find the rate at which it should be sold to earn a profit of 15%.
Question : A shopkeeper bought a cycle for INR 1,200 and sold it for INR 1,500. Find his profit/loss percentage.
Question : By selling 90 pens for INR 80, a man loses 20%. What should be the selling price (in INR) of 90 pens for 20% profit?
Regular exam updates, QnA, Predictors, College Applications & E-books now on your Mobile