Multiple Choice Questions

Ramesh incurred a loss of 10 after selling a phone If be had sold the phone for Rs1 260 more then he...........

Quantitative Aptitude (MTS) Profit and loss

Ramesh incurred a loss of 10% after selling a phone. If be had sold the phone for Rs1,260 more, then he would have made a

profit of 5%. What is the cost price of the phone?

This questions was previously asked in

SSC MTS 14th July 2022 Shift-3

Rs8,600

Rs8,000

Rs9,000

Rs8,400

- Ramesh initially sells his phone at a 10% loss.

- If he sold it for Rs1,260 more, he’d make a 5% profit.

- To find the cost price (CP), we denote it as 'x'.

- At a 10% loss, the selling price (SP) is 90% of the cost price.

- At a 5% profit, the selling price would be 105% of the cost price.

- Equation 1: SP = 0.9x

- Equation 2: New SP = 1.05x = (0.9x + 1,260) from the Rs1,260 more sale.

- Solve:

- 1.05x = 0.9x + 1,260

- 0.15x = 1,260

- x = 1,260 / 0.15 = Rs8,400

- The correct answer is Option 4: Rs8,400

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