Profit and loss

Quantitative Aptitude (CGL)

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

Anu fixes the selling price of an article at 25% above its cost of production. If the cost of production goes up by 20% and she

raises the selling price by 10%, then her percentage profit is (correct to one decimal place):

This questions was previously asked in

SSC CGL 3rd March 2020 Shift-2

16.4%

14.6%

13.8%

15.2%

- Initially, Anu sets the selling price at 25% above the cost of production.

- Let the initial cost of production be $100. Thus, initial selling price = $100 + $25 = $125.

- The cost of production increases by 20%, so the new cost of production = $100 + $20 = $120.

- The selling price is then increased by 10%, so the new selling price = $125 + $12.5 = $137.5.

- To find the percentage profit:

\text{Profit} = 137.5 - 120 = 17.5

\text{Profit Percentage} = \left( \frac{17.5}{120} \right) \times 100 \approx 14.6\%

- Correct Answer: Option 2 - 14.6%

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