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

Sneha bought a fridge for Rs10,000. She spent Rs5,000 on its repairs, and then sold it for Rs16,000. Find the gain percentage.

This questions was previously asked in

SSC MTS 22nd July 2022 Shift-2

20%

6.67%

55.48%

30%

- Original Cost Price of Fridge: Rs10,000.

- Repair Costs: Rs5,000, making the Total Cost Rs15,000.

- Selling Price: Rs16,000.

- Profit Calculation: Selling Price (Rs16,000) - Total Cost (Rs15,000) = Profit (Rs1,000).

- Gain Percentage Calculation: \(\frac{\text{Profit}}{\text{Total Cost}} \times 100 = \frac{1,000}{15,000} \times 100 = \frac{100}{15} = 6.67\%\).

- Option 1: 20% - Incorrect.

- Option 2: 6.67% - Correct.

- Option 3: 55.48% - Incorrect.

- Option 4: 30% - Incorrect.

The gain percentage is Option 2: 6.67%. "".