A man purchased a cell phone for Rs24 500 and sold it at a gain of 12 5 calculated on the selling pr...........

Quantitative Aptitude (CHSL) Profit and loss

A man purchased a cell phone for Rs24,500 and sold it at a gain of 12.5% calculated on the selling price. The selling price of the

cell phone was:

This questions was previously asked in

SSC CHSL 24th May 2022 Shift-1

Rs25,000

Rs28,000

Rs27,500

Rs25,500

- The man purchased the cell phone for Rs24,500.

- To find the selling price, remember the gain is 12.5% on the selling price, not the cost price.

- If we denote the selling price as 'SP', then gain = 12.5% of SP.

- Therefore, SP = Cost Price / (1 - Gain Percentage)

- Calculate: SP = 24500 / (1 - 0.125) = 24500 / 0.875 = 28000

- Option 1: Rs25,000 is too low and doesn’t account for a 12.5% gain.

- Option 2: Rs28,000 is calculated correctly and matches our calculation.

- Option 3: Rs27,500 is not correct based on the percentage gain provided.

- Option 4: Rs25,500 doesn’t incorporate sufficient gain.

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