Multiple Choice Questions on An article is sold for rupees 400 in which the seller fetches 25 profit If 6 such articles are sold ........... for Mathematics - All Exams Preparation

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Multiple Choice Questions

An article is sold for rupees 400 in which the seller fetches 25 profit If 6 such articles are sold ...........

Quant (SSC) Profit and loss
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    An article is sold for rupees 400 in which the seller fetches 25% profit. If 6 such articles are sold for rupees 2400, then the percent profit/loss incurred by the seller

    25% profit

    Correct Answer

    20% profit

    Incorrect Answer

    25% loss

    Incorrect Answer

    20% loss

    Incorrect Answer
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    Explanation:

    400 = (125/100)*CP
    CP = 320.
    Selling price = 2400/6 = 400.
    % profit = [(400 – 320)/320]*100 = 25% profit

    By: Amit Kumar
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