Puneet sold an article for Rs1 750 at a loss of 50 If Puneet sells the article at loss of 30 then wh...........

Quantitative Aptitude (MTS) Profit and loss

Puneet sold an article for Rs1,750 at a loss of 50%. If Puneet sells the article at loss of 30%, then what will be the selling price?

This questions was previously asked in

SSC MTS 7th July 2022 Shift-1

Rs2,640

Rs2,180

Rs2,450

Rs2,100

- Puneet sold an article for Rs 1,750 with a 50% loss.

- This means the cost price (CP) of the article was double the selling price because a 50% loss implies the selling price is 50% of the cost price.

- Therefore, the cost price is Rs 1,750 * 2 = Rs 3,500.

- If Puneet sells the article at a 30% loss, the selling price will be 70% of the cost price because a 30% loss implies selling for 70% of CP.

- 70% of Rs 3,500 is (70/100) * 3,500 = Rs 2,450.

- Option 1: Rs 2,640 - This would imply a lesser loss.

- Option 2: Rs 2,180 - This is inconsistent with the 30% loss calculation.

- Option 3: Rs 2,450 - This is the correct selling price at a 30% loss.

- Option 4: Rs 2,100 - This indicates a greater loss than 30%.

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