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?
Option 1: INR 400
Option 2: INR 450
Option 3: INR 800
Option 4: INR 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: INR 600
Solution : Let the cost price of the article as C and the selling price as S. It is given that the selling price is four times the cost price. ⇒ S = 4C We also know that if the selling price is reduced by INR 300, the profit becomes 250% (Profit = 2.5C). Since Selling price = Profit + Cost price S – 300 = 2.5C + C ⇒ S – 300 = 3.5C We can solve these two equations simultaneously to find the cost price. ⇒ 4C – 300 = 3.5C ⇒ C = $\frac{300}{4 - 3.5}$ = INR 600 Hence, the correct answer is INR 600.
Answer Key | Cutoff | Selection Process | Preparation Tips | Eligibility | Application | Exam Pattern
Question : By selling an article for INR 600, a person made a profit of 50%. What was the cost price of this 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 : The difference between the cost price and the selling price is INR 143. If the profit percentage is 26%, then what is the selling price?
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?
Regular exam updates, QnA, Predictors, College Applications & E-books now on your Mobile