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

The cost price of 30 article in the same as the selling price x articles.If the profit is 25%, then the value of x is:

This questions was previously asked in

SSC MTS 12th October 2021 Shift-1

Let's break down the problem:

- We know the cost price (CP) for 30 articles is equal to the selling price (SP) of x articles.

- The profit is given as 25%. This means the selling price is 125% of the cost price.

- If SP = 125% of CP, then SP = 1.25 * CP.

- Given: Cost price of 30 articles = Selling price of x articles.

Substituting the values:

- SP of x articles = 1.25 * CP of x articles.

- Since SP of x articles equals CP of 30 articles,

1.25 * CP of x articles = CP of 30 articles

Hence, x = 30 / 1.25 = 24.

- Option 3: 24 is the correct answer.