2 Views

Question : While selling an article for INR 18,450, a person suffered a loss of 50%. At what price he should have sold the article to earn a profit of 50%?

Option 1: INR 13,837

Option 2: INR 52,000

Option 3: INR 55,350

Option 4: INR 56,775


Team Careers360 16th Jan, 2024
Answer (1)
Team Careers360 21st Jan, 2024

Correct Answer: INR 55,350


Solution : Given that the selling price = INR 18,450
Also, Loss = 50% of cost price
Selling price = Cost price – Loss
⇒ 18,450 = cost price – 50% of cost Price
⇒ Cost price = $\frac{18450}{0.5}$ = INR 36,900
So, profit = 50% of cost price = 50% of 36,900 = INR 18,450
Again, the selling price = cost price + profit
= 36,900 + 18,450
= INR 55,350 to get a profit of 50%.
Hence, the correct answer is INR 55,350.

SSC CGL Complete Guide

Candidates can download this ebook to know all about SSC CGL.

Download EBook

Know More About

Related Questions

TOEFL ® Registrations 2024
Apply
Accepted by more than 11,000 universities in over 150 countries worldwide
Manipal Online M.Com Admissions
Apply
Apply for Online M.Com from Manipal University
View All Application Forms

Download the Careers360 App on your Android phone

Regular exam updates, QnA, Predictors, College Applications & E-books now on your Mobile

150M+ Students
30,000+ Colleges
500+ Exams
1500+ E-books