Profit and loss

Quantitative Aptitude (CGL)

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

A shopkeeper sold a pair of headphones for Rs 5,520 at a gain of 20%. What would have been the gain or loss percent if it had been sold fo rs 4,370?

This questions was previously asked in

ssc cgl 2023 pre

Gain 15%

Loss 5%

Gain 2%

Loss 10%

- Initial selling price was Rs 5,520 with a 20% gain.

- Calculate the cost price (CP):

\text{CP} = \frac{\text{Selling Price}}{1 + \text{Gain\%}} = \frac{5520}{1.2} = 4600

- If sold for Rs 4,370:

- Loss amount = CP - New Selling Price = 4600 - 4370 = 230

- Loss percent = \(\left(\frac{\text{Loss Amount}}{\text{CP}}\right) \times 100 = \left(\frac{230}{4600}\right) \times 100 = 5\%\)

- Options evaluation:

- Gain 15%: Incorrect

- Loss 5%: Correct

- Gain 2%: Incorrect

- Loss 10%: Incorrect