Profit and loss

Quantitative Aptitude (MTS)

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

If the cost price of 15 pencils is equal to the selling price of 10 pencils, what is the gain or loss percentage?

This questions was previously asked in

SSC MTS 13th July 2022 Shift-1

20% gain

30% loss

50% gain

40% loss

- Let's denote the cost price of one pencil as 'C' and the selling price of one pencil as 'S'.

- According to the problem, the cost price of 15 pencils equals the selling price of 10 pencils: 15C = 10S.

- Solving for the ratio S/C gives us S = 1.5C.

- This indicates that the selling price is 1.5 times the cost price.

- Therefore, the percentage gain is calculated as: [(Selling Price - Cost Price) / Cost Price] x 100%

- Substituting the known values results in: [(1.5C - C) / C] x 100% = 50% gain.

- Option 3: 50% gain is indeed the correct answer.

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