A trader sells an article for Rs425 and loses 15 At what price in Rs should he sell the article to e...........

Quantitative Aptitude (CGL) Profit and loss

A trader sells an article for Rs425 and loses 15%. At what price (in Rs) should he sell the article to earn 5% profit?

This questions was previously asked in

SSC CGL 12th April 2022 Shift-1

505

510

445

525

- The trader originally sells the article for Rs 425 and incurs a 15% loss.

- This means the selling price (SP) of Rs 425 is 85% of the cost price (CP).

- To find the CP: \( \text{CP} = \frac{425 \times 100}{85} = 500 \).

- To earn a 5% profit on the CP, compute the new SP.

- The new SP should be 105% of the CP: \( \text{New SP} = \frac{105 \times 500}{100} = 525 \).

- Option 1: 505 – Below the required price for 5% profit.

- Option 2: 510 – Below the required price for 5% profit.

- Option 3: 445 – Far below the required price for a profit.

- Option 4: 525 – Correct

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