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
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: 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.
Answer Key | Cutoff | Selection Process | Preparation Tips | Eligibility | Application | Exam Pattern
Question : The difference between the cost price and the selling price is Rs. 341. If the profit percentage is 22 percent, then what is the selling price?
Question : An article is sold at a 5 percent loss. If its cost price is decreased by Rs. 20 and the selling price is increased by Rs. 13, then a profit of 10 percent is earned on it. What is the original selling price of the article?
Question : By selling a glass for Rs. 1378 a man earns a profit of 6 percent. If he sells it for Rs. 1079, then what will be the loss percentage?
Question : The marked price of an article is 20 percent more than its cost price. If 10 percent discount is given on the marked price, then what will be the profit percentage?
Question : The ratio of the selling price to the cost price is 9 : 8. What is the profit percentage?
Regular exam updates, QnA, Predictors, College Applications & E-books now on your Mobile