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

Vishal sells a bag at a profit of 40%. If Vishal's profit is Rs880, then what is the cost price of the bag?

This questions was previously asked in

SSC MTS 12th July 2022 Shift-1

Rs2,000

Rs2,450

Rs1,900

Rs2,200

- Vishal's profit is 40% of the cost price.

- Given that the profit is Rs880.

- To find the cost price, use the formula: Profit = (Profit Percentage / 100) x Cost Price.

- Rs880 = (40/100) x Cost Price.

- Solving for the Cost Price: Cost Price = Rs880 / (40/100) = Rs880 x (100/40).

- Simplify the calculation: Cost Price = Rs880 x 2.5 = Rs2200.

- Option 4: Rs2,200 is the correct answer.