Question : By selling an article for INR 600, a person made a profit of 50%. What was the cost price of this article?
Option 1: INR 300
Option 2: INR 450
Option 3: INR 400
Option 4: INR 350
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: INR 400
Solution : Given: By selling an article for INR 600, a person made a profit of 50%. We know, Profit percentage = $\frac{\text{Selling Price - Cost Price}}{\text{Cost Price}}\times 100$ Let the cost price of the article be $x$. ⇒ $\frac{600−x}{x}×100=50$ ⇒ $60000−100x=50x$ ⇒ $x=\frac{60000}{150}$ ⇒ $x=400$ Hence, the correct answer is INR 400.
Answer Key | Cutoff | Selection Process | Preparation Tips | Eligibility | Application | Exam Pattern
Question : The selling price of an article is four times of its cost price. If the selling price is reduced by INR 300, then the profit becomes 250%. What is the cost price of the article?
Question : The selling price of an article is INR 520. If the loss percentage is 20%, then what is the cost price of the article?
Question : The cost price of an article is INR 350. If the profit percentage is 35%, then what is the value of profit?
Question : While selling an article for INR 8,442, a person suffered a loss of 30%. At what price he should have sold the article to earn a profit of 20%?
Question : A person earns a profit of 30% by selling an article for INR 325. How much per cent should he increase his selling price to earn a profit of 40%?
Regular exam updates, QnA, Predictors, College Applications & E-books now on your Mobile