Multiple Choice Questions on A person sold an article at a loss of 8 Had he sold it at a gain of 10 5 he would have received Rs 9........... for SSC CGL Exam Preparation

Profit and loss

Quantitative Aptitude (CGL)

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Indian Economy - Understanding the basics of Indian economic system

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    A person sold an article at a loss of 8%. Had he sold it at a gain of 10.5%. he would have received Rs 92.50 more. To gain 12%, he should have sold it for:

    This questions was previously asked in
    SSC CGL 6 June 2019 Shift-1

    Rs 540.50

    Incorrect Answer

    Rs 537.40

    Incorrect Answer

    Rs 560

    Correct Answer

    Rs 580

    Incorrect Answer
    Explanation:

    Correct Option 3:Rs. 560.

    As we know, the difference between the loss percentage and the gain percentage = 10.5-(-8) According to the question
    ⇒xx (18.5/100) = 92.50
    ⇒x= Rs.500
    Required selling price = 500 x [112/100] = Rs. 560.


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