Profit and loss

Quantitative Aptitude (MTS)

Title

45:30

8 of 24 completed

5 of 15 completed

38 of 100 completed

8 of 20 completed

Indian Economy - Understanding the basics of Indian economic system

An article is sold for Rs4,800 at a profit of 20%. If the selling price is increased by Rs600, then what will be the profit percentage?

This questions was previously asked in

SSC MTS 13th July 2022 Shift-2

40%

25%

30%

35%

- The article's selling price is Rs 4,800 with a 20% profit.

- The cost price can be calculated as:

\[ \text{Cost Price} = \frac{\text{Selling Price}}{1 + \text{Profit Percentage}} = \frac{4,800}{1.20} = 4,000. \]

- When the selling price increases by Rs 600, the new selling price is Rs 5,400.

- The new profit amount is \[ 5,400 - 4,000 = 1,400. \]

- The profit percentage with the new selling price is:

\[ \frac{1,400}{4,000} \times 100 = 35\%. \]

Option 4: 35% is correct.