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

An article was sold at a gain of 16%. If it had been sold for 36 more, the gain would have been 20%. The cost price of the article

This questions was previously asked in

SSC CGL 7th March 2020 Shift-3

Rs 862

Rs 900

Rs 810

Rs 720

- First, let's define the cost price of the article as 'C'.

- The article was initially sold at a 16% gain. Therefore, the selling price was \( C \times 1.16 \).

- If sold for 36 more, the gain would have been 20%, making the new selling price \( C \times 1.20 \).

- The difference between these two selling prices is 36:

\( C \times 1.20 - C \times 1.16 = 36 \).

- Simplifying the difference:

\( C \times 0.04 = 36 \).

- Solving for 'C' gives:

\( C = \frac{36}{0.04} = 900 \).

- ?? Option 2: Rs 900 is indeed the correct answer.