The marked price of a chair was Rs1 000 but it was sold for Rs1 200 What is the percentage increase ...........

Quantitative Aptitude (CPO) Profit and loss

The marked price of a chair was Rs1,000 but it was sold for Rs1,200. What is the percentage increase on the product?

This questions was previously asked in

SSC CPO 11th Nov 2022 Shift 2

10%

15%

35%

20%

- The marked price of the chair is Rs1,000.

- It was sold for Rs1,200.

- To find the percentage increase, use the formula: \((Selling\ Price - Marked\ Price) / Marked\ Price \times 100\).

- \((1200 - 1000) / 1000 \times 100 = 200 / 1000 \times 100\).

- \(= 20\%\).

- Option 4: 20% is the correct answer.

- Other options:

- Option 1 (10%) is incorrect because the calculation doesn’t match.

- Option 2 (15%) is incorrect and doesn't fit the calculations.

- Option 3 (35%) is far from the correct value.

Correct Answer: Option 4 - 20%.

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