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

When an article is sold for Rs388, there is a loss of 3%. What is the selling price (in Rs) of the article, if it is sold at a gain of 18%?

This questions was previously asked in

SSC MTS 7th October 2021 Shift-3

444

472

432

460

- The selling price results in a 3% loss, meaning the article is sold for 97% of its cost price.

- Selling Price (SP) of Rs388 is 97% of the Cost Price (CP).

- Calculate CP: \( \text{CP} = \frac{388 \times 100}{97} = 400 \) Rs.

- Now, find the SP for an 18% gain:

- SP with 18% gain: \( \text{SP} = \text{CP} \times \frac{118}{100} = 400 \times 1.18 = 472 \) Rs.

- Compare with options:

- Option:1, 444 Rs – Incorrect.

- Option:2, 472 Rs – Correct.

- Option:3, 432 Rs – Incorrect.

- Option:4, 460 Rs – Incorrect.

The correct answer is Option:2, 472 Rs.