If the selling price of a shirt is reduced from Rs440 to Rs410 the loss increases by 4 What is the c...........

Quantitative Aptitude (MTS) Profit and loss

If the selling price of a shirt is reduced from Rs440 to Rs410, the loss increases by 4%. What is the cost price of the shirt?

This questions was previously asked in

SSC MTS 6th July 2022 Shift-1

Rs650

Rs750

Rs450

Rs500

- We need to find the cost price (CP) of the shirt.

- Initially, the selling price (SP) is Rs440, and then it’s reduced to Rs410.

- The loss increases by 4% when the price is reduced.

- Let CP be \( x \).

- Loss when SP is Rs440 = \( x - 440 \).

- Loss when SP is Rs410 = \( x - 410 \).

- Increase in loss is 4% of CP.

- \( (x - 410) - (x - 440) = 0.04x \).

- Solving gives \( 30 = 0.04x \) -> \( x = 750 \).

Option 2: Rs750 is the cost price of the shirt.

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