Profit and loss

Quantitative Aptitude (MTS)

Title

45:30

8 of 24 completed

5 of 15 completed

38 of 100 completed

8 of 20 completed

Indian Economy - Understanding the basics of Indian economic system

Anil Kumar sold an article to Rajat for Rs15,000 by losing 25%, Rajat sells it to David at a price that would have given Anil Kumar

a profit of 5%. The profit percentage earned by Rajat is:

This questions was previously asked in

SSC MTS 11th October 2021 Shift-2

25%

40%

42%

30%

- Anil Kumar sold an article to Rajat for Rs15,000 at a 25% loss.

- This means Anil's cost price was Rs20,000 (since 15,000 is 75% of 20,000).

- Rajat sold it to David for a price which would give Anil a 5% profit over his cost price.

- A 5% profit on Rs20,000 is Rs21,000. So, David paid Rajat Rs21,000.

- Rajat's profit = Rs21,000 - Rs15,000 = Rs6,000.

- To find the profit percentage: (Profit/Cost Price) * 100 = (6,000/15,000) * 100 = 40%.

Option 2: 40% is the correct answer.