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:
Option 1: Rs. 640
Option 2: Rs. 630
Option 3: Rs. 650
Option 4: Rs. 660
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: Rs. 650
Solution : Let the cost price of the article as $x$. Given that the profit obtained by selling an article for Rs. 625 is the same as the loss incurred if it is sold for Rs. 545. Using, Selling price = Cost price + Profit = Cost price – Loss ⇒ $625 – x = x – 545$ ⇒ $x = \frac{625 + 545}{2} = 585$ The price at which it is to be sold to realize a profit of Rs. 65 on the cost price = $x + 65 = 585 + 65 = 650$ Hence, the correct answer is Rs. 650.
Candidates can download this ebook to know all about SSC CGL.
Admit Card | Eligibility | Application | Selection Process | Preparation Tips | Result | Answer Key
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%?
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 : An article is sold at a 25% loss. If its cost price is doubled and the selling price is increased by INR 660, then there is a profit of 20%. What is the original cost price of the article?
Question : The list price of an article is Rs. 900. It is available at two discounts of 20% and 10%. The selling price of the article is:
Regular exam updates, QnA, Predictors, College Applications & E-books now on your Mobile