A person sold a carpet for Rs360 and incurred a loss of 10 At what price should it have been sold to...........

Quantitative Aptitude (MTS) Profit and loss

A person sold a carpet for Rs360 and incurred a loss of 10%. At what price should it have been sold to make a gain of 20%?

This questions was previously asked in

SSC MTS 25th July 2022 Shift-3

Rs400

Rs390

Rs480

Rs420

- The carpet was sold for Rs360 at a 10% loss.

- To find the cost price (CP), divide Rs360 by 0.90: CP = Rs400.

- Aiming for a 20% gain, calculate 20% of the CP: 20% of Rs400 is Rs80.

- Add this gain to the CP to find the target selling price: Rs400 + Rs80 = Rs480.

- Option 1: Rs400 is the cost price without any profit.

- Option 2: Rs390 is below the cost price, still a loss.

- Option 3: Rs480 achieves a 20% gain on the CP.

- Option 4: Rs420 is a modest gain but not 20%.

Correct Answer: Option 3, Rs480

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