Profit and loss

Quantitative Aptitude (CHSL)

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

On reducing the marked price of his goods by Rs28, a shopkeeper gains 20%. If the cost price of the article be Rs560 and it is sold

at the marked price, what will be the gain per cent?

This questions was previously asked in

SSC CHSL 24th May 2022 Shift-3

30%

25%

20%

15%

- The cost price (CP) of the article is Rs 560.

- The shopkeeper gains 20% after reducing the marked price (MP) by Rs 28.

- With a 20% gain, the selling price (SP) = CP + 20% of CP = Rs 560 + Rs (560 * 0.20) = Rs 560 + Rs 112 = Rs 672.

- Therefore, SP = MP - Rs 28 = Rs 672, so MP = Rs 672 + Rs 28 = Rs 700.

- If sold at MP (Rs 700), calculate gain percentage:

- Gain = SP - CP = Rs 700 - Rs 560 = Rs 140.

- Gain percentage = (Gain/CP) * 100 = (140/560) * 100 = 25%.

- Option 2 - 25% is correct.

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