On selling an article for Rs 800 a person loses 20 of its selling price At what price should he sell...........

Quantitative Aptitude (CGL) Profit and loss

On selling an article for Rs 800, a person loses 20% of its selling price. At what price should he sell it to gain 25% on its cost price?

This questions was previously asked in

SSC CGL 4 June 2019 Shift-3

Rs 1,280

Rs 1,152

Rs 1,250

Rs 1,200

Correct option:3

- When the person sells an article for Rs 800, they incur a 20% loss on the selling price.

- This implies the cost price (CP) can be calculated as follows:

- Selling Price = 80% of Cost Price

- Hence, Cost Price (CP) = 800 / 0.8 = Rs 1,000.

- To gain 25% on the cost price, the required selling price would be:

- Required Selling Price = Cost Price + 25% of Cost Price

- Required Selling Price = 1,000 + (0.25 * 1,000) = Rs 1,250.

- Correct Answer: Option 3: Rs 1,250

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