Profit and loss

Quantitative Aptitude (MTS)

Title

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Indian Economy - Understanding the basics of Indian economic system

60% of the cost price of a glass is 25% of its selling price. What is the profit percentage?

This questions was previously asked in

SSC MTS 14th July 2022 Shift-2

120%

180%

95%

140%

- Let's denote the cost price of the glass as CP and the selling price as SP.

- According to the problem, 60% of CP is equal to 25% of SP.

- Mathematically, this is: 0.6 * CP = 0.25 * SP

- Solving this equation, SP = 2.4 * CP.

- The profit is SP - CP, which is 2.4 * CP - CP = 1.4 * CP.

- The profit percentage is (Profit/CP) * 100 = (1.4 * CP / CP) * 100 = 140%.

- Option 4: 140% is the correct answer.