Multiple Choice Questions on The profit on selling an article for Rs1 100 is equal to three times the amount of loss on selling i........... for SSC (CPO) Exam Preparation

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Multiple Choice Questions

The profit on selling an article for Rs1 100 is equal to three times the amount of loss on selling i...........

Quantitative Aptitude (CPO) Profit and loss
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    The profit on selling an article for Rs1,100 is equal to three times the amount of loss on selling it for Rs700. To gain 12.5%, the article

    must be sold for:

    This questions was previously asked in
    SSC CPO 12th Dec 2019 Shift-1
    View All SSCCPO Previous Year Papers

    Rs787.50

    Incorrect Answer

    Rs877.50

    Incorrect Answer

    Rs956

    Incorrect Answer

    Rs900

    Correct Answer
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    Explanation:

    - Given:

    - Selling price with profit: Rs1,100

    - Selling price with loss: Rs700

    - Profit = 3 times the loss

    - Let cost price be RsX.

    - Profit = 1,100 - X

    - Loss = X - 700

    - Therefore, 1,100 - X = 3(X - 700)

    - Solve:

    - 1,100 - X = 3X - 2,100

    - 3X + X = 1,100 + 2,100

    - 4X = 3,200

    - X = 800

    - Cost price = Rs800

    - To gain 12.5%:

    - Selling Price = Cost Price + 12.5% of Cost Price

    - = 800 + 0.125 * 800

    - = 800 + 100

    - = Rs900

    - Correct Answer: Rs900

    By: santosh
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