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

On selling a bat for Rs954, a man gains 6%. What should be its selling price (in Rs) to gain 8%?

This questions was previously asked in

SSC MTS 20th October 2021 Shift-3

958

1,080

972

1,054

- The man sells a bat for Rs. 954 and earns a profit of 6%.

- To find the cost price (CP), use the formula: CP = Selling Price / (1 + Gain%).

- For 6% gain: CP = 954 / 1.06 = Rs. 900.

- To gain 8%, apply the formula: New Selling Price = CP × (1 + New Gain%).

- For 8% gain: New Selling Price = 900 × 1.08 = Rs. 972.

Option 1: Rs. 958

- Less than required selling price for 8% gain.

Option 2: Rs. 1,080

- More than required selling price for 8% gain.

Option 3: Rs. 972

- Correct selling price for 8% gain.

Option 4: Rs. 1,054

- More than required selling price for 8% gain.