The cost price of a notebook is Rs120 It is sold at a profit of 40 What is the nominal profit made o...........

Quantitative Aptitude (MTS) Profit and loss

The cost price of a notebook is Rs120. It is sold at a profit of 40%. What is the nominal profit made on the sale of each

notebook?

This questions was previously asked in

SSC MTS 25th July 2022 Shift-1

Rs36

Rs48

Rs24

Rs40

- The cost price (CP) of a notebook is Rs120.

- The sale is made at a profit of 40%.

- To find the profit, calculate 40% of the cost price:

$$ \text{Profit} = \frac{40}{100} \times 120 = 48 $$

- Option 1: Rs36 - This is 30% of Rs120, not 40%.

- Option 2: Rs48 - This is the correct computation of 40% of Rs120

- Option 3: Rs24 - This represents 20% of Rs120, not 40%.

- Option 4: Rs40 - This represents approximately 33.33% of Rs120.

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