Profit and loss

Quantitative Aptitude (CGL)

Title

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Indian Economy - Understanding the basics of Indian economic system

A notebook was sold for Rs 28 with a profit of 12%. If it had been sold for Rs 26.25, then what would have been the profit percentage?

This questions was previously asked in

ssc cgl 2023 pre

- The notebook was sold for Rs 28 with a 12% profit.

- To find the cost price (CP), calculate:

CP = Selling Price / (1 + Profit%) = Rs 28 / 1.12 = Rs 25

- The notebook is then sold for Rs 26.25.

- New Profit = Selling Price - Cost Price = Rs 26.25 - Rs 25 = Rs 1.25

- New Profit Percentage = (Profit / Cost Price) * 100

= (1.25 / 25) * 100 = 5%

- Correct Answer: Option:1 - 5%