Profit and loss

Quantitative Aptitude (CGL)

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Indian Economy - Understanding the basics of Indian economic system

A shopkeeper gains 20% in place of 16% loss if the selling price of an article is increased by ?324. The cost price of the article is:

This questions was previously asked in

ssc cgl 2023 pre

Rs.900

Rs.750

Rs.1350

Rs.60

- When the selling price is increased by Rs.324, the shopkeeper's gain changes from a 16% loss to a 20% gain.

- Let the cost price (CP) of the article be X.

- Initially, with a 16% loss, the selling price (SP) is 0.84X.

- With a 20% gain, the selling price becomes 1.2X.

- The equation based on the increased selling price: 1.2X = 0.84X + 324.

- Solve the equation:

1.2X - 0.84X = 324

0.36X = 324

X = 324 / 0.36

X = 900

- Therefore, the correct answer is:

- Option 1: Rs.900