A trader sells an article for 425 and loses 15 At what price in should he sell the article to earn 5...........

Quantitative Aptitude (CGL) Profit and loss

A trader sells an article for ?425 and loses 15%. At what price (in ?) should he sell the article to earn 5% profit?

This questions was previously asked in

SSC CGL 12th April 2022 Shift-1

505

510

445

525

- The trader sells the article for ?425 and incurs a 15% loss.

- This means the selling price is 85% of the cost price (CP).

- Therefore, CP = 425 / 0.85.

- Solving this gives CP = ?500.

- To gain a 5% profit, the selling price should be 105% of the cost price.

- Thus, the selling price should be 500 x 1.05 = ?525.

Options:

1. ?505: This is below the price needed for a 5% profit.

2. ?510: Also under the required amount for 5% profit.

3. ?445: Even lower, and a definite loss.

4. ?525 : This is the correct price for a 5% profit.

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