Profit and loss

Quantitative Aptitude (MTS)

Title

45:30

8 of 24 completed

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38 of 100 completed

8 of 20 completed

Indian Economy - Understanding the basics of Indian economic system

The selling price of an article is three times of the loss incurred on selling this article. What is the loss percentage?

This questions was previously asked in

SSC MTS 5th July 2022 Shift-2

25%

33.33%

40%

50%

- Let's denote the loss incurred as 'L'.

- The selling price would then be 3L (since it is three times of the loss).

- Since Selling Price = Cost Price - Loss, we state: Cost Price - L = 3L.

- Solving for Cost Price (CP), we find: CP = 4L.

- Loss Percentage = (Loss/Cost Price) * 100.

- Substitution yields: Loss Percentage = (L/4L) * 100.

- Therefore, Loss Percentage = 25%.

Your Answer is RIGHT.

- Options in summary:

* Option 1: 25%

* Option 2: 33.33%

* Option 3: 40%

* Option 4: 50%