Question : By selling an article at Rs. 425, a shopkeeper had a loss of 15%. At what price should be sell the article to make a profit of 20%?
Option 1: Rs. 800
Option 2: Rs. 1000
Option 3: Rs. 400
Option 4: Rs. 600
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: Rs. 600
Solution : If the shopkeeper sold the article for Rs. 425 and incurred a loss of 15%, it means that Rs. 425 represents 85% (100% – 15%) of the cost price. Let the cost price as C. ⇒ 425 = 0.85 × C To make a profit of 20%, the shopkeeper should sell the article at 120% of the cost price. The selling price for a 20% profit = 1.20 × C = $\frac{1.20 × 425}{0.85}$ = Rs. 600 Hence, the correct answer is Rs. 600.
Answer Key | Cutoff | Selection Process | Preparation Tips | Eligibility | Application | Exam Pattern
Question : A shopkeeper sells an article at 20 percent profit. If he had bought it at a 10 percent less price and sold it for Rs. 48 less, then he would have earned a profit of 20 percent. What is the cost price of the article?
Question : By selling an article for Rs. 1,200, a shopkeeper suffered a loss of 20%. What was the cost price of that article?
Question : The profit obtained on selling an article for Rs. 600 is equal to the loss incurred on selling the same article for Rs. 400. If the selling price is Rs. 750, then what is the profit percentage?
Question : By selling a fan for Rs. 600, a man loses 10%. To make a gain of 20%, the selling price of the fan should be:
Question : An article is sold at a 5 percent loss. If its cost price is decreased by Rs. 20 and the selling price is increased by Rs. 13, then a profit of 10 percent is earned on it. What is the original selling price of the article?
Regular exam updates, QnA, Predictors, College Applications & E-books now on your Mobile