A loss of 12 is incurred when an article is sold for Rs242 To get a profit of 15 the article should ...........

Quantitative Aptitude (MTS) Profit and loss

A loss of 12% is incurred when an article is sold for Rs242. To get a profit of 15%, the article should be sold for (in Rs):

This questions was previously asked in

SSC MTS 14th October 2021 Shift-3

324

316.25

326.50

319

- The article incurs a 12% loss when sold for Rs242.

- This means the selling price is 88% of the cost price (100% - 12%).

- So, the cost price is Rs242 / 0.88 = Rs275.

- To achieve a profit of 15%, the new selling price should be 115% of the cost price.

- This calculates to Rs275 * 1.15 = Rs316.25.

- Option 1: Rs324 - Incorrect, exceeds the needed price for a 15% profit.

- Option 2: Rs316.25 - Correct, gives exactly a 15% profit.

- Option 3: Rs326.50 - Incorrect, higher than necessary.

- Option 4: Rs319 - Incorrect, also slightly higher.

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