Question : The percentage profit earned by selling an article for Rs. 2,000 is the same as the percentage loss incurred by selling the same article for Rs. 1,200. At what price should that article be sold to make a profit of 20%?
Option 1: 2,000
Option 2: 1,800
Option 3: 1,920
Option 4: 1,840
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: 1,920
Solution : Let the cost price be $x$. Profit % earned by selling at Rs. 2000 = $\frac{2000-x} {x}\times 100$ Loss % earned by selling at Rs. 2000 = $\frac{x-1200} {x}\times 100$ So, $\frac{2000-x} {x}\times 100=\frac{x-1200} {x}\times 100$ ⇒ $2000-x=x-1200$ ⇒ $x=(\frac{2000+1200}{2})$ $\therefore x$ = Rs. 1600 To make a 20% profit, The selling price will be = $1600×(\frac{100+20}{100})$ = Rs. 1920 Hence, the correct answer is 1,920.
Candidates can download this ebook to know all about SSC CGL.
Result | Eligibility | Application | Selection Process | Preparation Tips | Admit Card | Answer Key
Question : The profit obtained by selling an article for Rs. 625 is the same as the loss incurred if it is sold for Rs. 545. The price at which it is to be sold to realize a profit of Rs. 65 on the cost price is:
Question : If the profit from selling an article for Rs. 425 is the same as the loss from selling it for Rs. 355, then the cost price of the article is:
Question : The profit (in Rs.) after selling an article for Rs. 524 is the same as the loss (in Rs.) after selling it for Rs. 452. The cost price of the article is:
Question : By selling an article for INR 2,200, a profit of 10 % is earned. If the same article is sold for INR 2,600, then what will be the gain percentage?
Question : By selling a bag for Rs. 230, a profit of 15% is made. The selling price of the bag, when sold at 20% profit, would be:
Regular exam updates, QnA, Predictors, College Applications & E-books now on your Mobile