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

The price of an article increases by 20% eve1y year. If the difference between the price of the article at the end of the third year

and at the end of the fourth year is Rs324, what is the price of the article at the end of the second year?

This questions was previously asked in

SSC MTS 8th October 2021 Shift-2

Rs1,350

Rs1,180

Rs1,2060

Rs1,1250

- The price increases by 20% each year.

- If `P` is the price at the end of the second year, then at the end of the third year, the price is `1.2P`.

- At the end of the fourth year, the price becomes `1.44P` (since 1.2P + 20% of 1.2P = 1.44P).

- The difference between the fourth and third year prices is Rs324: `1.44P - 1.2P = 324`.

- Simplifying gives `0.24P = 324`, which means `P = 324 / 0.24 = Rs1,350`.

Option 1: Rs1,350

- Option 2, 3, and 4 do not fit this calculation.