Multiple Choice Questions

By selling 120 mangoes a shopkeeper gains the selling price of 20 mangoes Find his profit percentage...........

Quantitative Aptitude (MTS) Profit and loss

By selling 120 mangoes, a shopkeeper gains the selling price of 20 mangoes. Find his profit percentage.

This questions was previously asked in

SSC MTS 19th July 2022 Shift-2

20%

25%

10%

12%

- First, let's find the cost price (CP) for 120 mangoes. The gain is equivalent to the selling price (SP) of 20 mangoes.

- Let the selling price of 1 mango be ?x.

- Selling Price of 120 mangoes = ?120x.

- Selling Price of 20 mangoes = ?20x (this is the gain).

- Cost Price of 120 mangoes = Selling Price of 120 mangoes - Selling Price of 20 mangoes = ?120x - ?20x = ?100x.

- Profit = Selling Price - Cost Price = ?120x - ?100x = ?20x.

- Profit Percentage = (Profit/Cost Price) x 100 = (?20x/?100x) x 100 = 20%.

- Correct Answer: Option 1, 20%

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