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

A man sold a radio set and gained one-eighth of its cost price. What is the profit percent?

This questions was previously asked in

SSC CHSL 2nd June 2022 Shift-2

12.5%

18%

15.5%

20%

- The man gained one-eighth of the cost price as profit from selling a radio set.

- To find the profit percent, we use the formula:

\[ \text{Profit Percent} = \left(\frac{\text{Profit}}{\text{Cost Price}}\right) \times 100 \]

- Here, Profit is \(\frac{1}{8}\) of the Cost Price.

- Plug into the formula:

\[ \text{Profit Percent} = \left(\frac{1/8}{1}\right) \times 100 = 12.5\% \]

- Option 1: 12.5% - This matches with our calculation.

- Option 2: 18% - This represents a higher profit percent than calculated.

- Option 3: 15.5% - This is also a higher value than the actual profit percent.

- Option 4: 20% - This is much higher than the calculated profit percent.