Question : The selling price of glass is Rs. 1287 and the loss percentage is 22 percent. If the selling price is Rs. 1848, then what will be the profit percentage?
Option 1: 12 percent
Option 2: 15 percent
Option 3: 10 percent
Option 4: 8 percent
Correct Answer: 12 percent
Solution :
If $C$ is the cost price then, according to the question,
Loss Percentage =$\frac{\text{Cost Price−Selling Price}}{\text{Cost Price}}×100$
⇒ 22% = $\frac{C –1287}{C}$
⇒ $\frac{22}{100}$ = $\frac{C –1287}{C}$
⇒ 22C = 100C – 128700
⇒ 78C = 128700
$\therefore$ C = 1650
Profit Percentage = $\frac{\text{Selling Price − Cost Price}}{\text{Cost Price}}×100$
$\therefore$ Profit Percentage = $\frac{\text{1848 − 1650}}{\text{1650}}×100=\frac{198}{1650}× 100 = 12\%$
Hence, the correct answer is 12 percent.
Related Questions
Know More about
Staff Selection Commission Multi Tasking ...
Answer Key | Cutoff | Selection Process | Preparation Tips | Eligibility | Application | Exam Pattern
Get Updates Brochure
Your Staff Selection Commission Multi Tasking Staff Exam brochure has been successfully mailed to your registered email id “”.
Upcoming Exams
Trending Articles around SSC MTS
