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 cost price of a table to Ravi, was Rs1,600. Ravi sold this table at a loss of 10%. What was the price at which Ravi sold the

table?

This questions was previously asked in

SSC MTS 5th July 2022 Shift-2

Rs1,380

Rs1,440

Rs1,510

Rs1,520

- Cost Price (CP) of the table: Rs 1,600

- Loss Percentage: 10%

- To find the selling price (SP) when there's a 10% loss:

- Calculation: Loss = (10/100) * 1600 = Rs 160

- Selling Price = Cost Price - Loss = 1600 - 160 = Rs 1,440

- Option 1: Rs 1,380 (Incorrect, since the loss calculation doesn’t result in this price)

- Option 2: Rs 1,440 (Correct , matches the calculated selling price)

- Option 3: Rs 1,510 (Incorrect, higher than expected)

- Option 4: Rs 1,520 (Incorrect, higher than expected)