Profit and loss

Quantitative Aptitude (MTS)

Title

45:30

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5 of 15 completed

38 of 100 completed

8 of 20 completed

Indian Economy - Understanding the basics of Indian economic system

The selling price of a book is Rs 855. If the loss incurred through the sale is 10%, then what is the nominal amount of loss

incurred?

This questions was previously asked in

SSC MTS 26th July 2022 Shift-2

Rs95

Rs85

Rs85.5

Rs90.5

- The selling price of the book is Rs 855.

- The loss on the sale is 10%.

- If a 10% loss is incurred, it means the selling price is 90% of the cost price.

- Let's denoted the cost price as 'CP'. Then, 0.9 * CP = 855.

- Solving for CP, we get CP = 855 / 0.9 = Rs 950.

- The loss incurred is the difference between the cost price and the selling price.

- Loss = CP - Selling Price = 950 - 855 = Rs 95.

- Correct Answer: Option 1 - Rs 95