When an article is sold for Rs388 there is a loss of 3 What is the selling price in Rs of the articl...........

Quantitative Aptitude (MTS) Profit and loss

When an article is sold for Rs388, there is a loss of 3%. What is the selling price (in Rs) of the article, if it is sold at a gain of 8%?

This questions was previously asked in

SSC MTS 26th October 2021 Shift-1

412

444

432

460

- The initial scenario involves a 3% loss when selling an article for Rs388.

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

- Calculating CP:

CP = 388 / (1 - 0.03) = 388 / 0.97 = 400

- Now, for an 8% gain, calculate the new selling price (SP).

- Use the gain formula: New SP = CP × (1 + Gain%).

- Calculating New SP:

New SP = 400 × (1 + 0.08) = 400 × 1.08 = 432.

- Option 3: 432 is the correct answer.

- Option 3: 432 is indeed the correct choice.

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