Multiple Choice Questions on A shopkeeper sold goods for Rs 2400 and made a profit of 25 in the process Find his profit if he sol........... for CDS Exam Preparation

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Multiple Choice Questions

A shopkeeper sold goods for Rs 2400 and made a profit of 25 in the process Find his profit if he sol...........

Quantitative Aptitude (CDS) Profit and loss
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    A shopkeeper sold goods for Rs. 2400 and made a profit of 25% in the process. Find his profit if he sold his goods for Rs. 2040?

    Rs. 220
     

    Incorrect Answer

    Rs. 120
     

    Correct Answer

    Rs. 200
     

    Incorrect Answer

    None of these

    Incorrect Answer
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    Explanation:

    gain=cost price - selling price
    =C.P-2400
    gain percent=((S.P-C.P) /C.P)100
    25/100  =(2400-C.P)/C.P
    25 C.P=2400×100-C.P×100
    125 C.P=2400×100
    C.P=2400×100/125
    C.P =480×4
    =1920
    profit=2040-1920
    =120

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