A man bought a chair for Rs580 At what price should he sell the chair so as to gain 25 ........

Quantitative Aptitude (MTS) Profit and loss

A man bought a chair for Rs580. At what price should he sell the chair so as to gain 25%?

This questions was previously asked in

SSC MTS 5th July 2022 Shift-1

Rs1,080

Rs725

Rs590

Rs820

- To find out at what price the chair should be sold to gain 25%, calculate 25% of Rs580.

- 25% of Rs580 = (25/100) * 580 = Rs145

- Add this gain to the original price: Rs580 + Rs145 = Rs725

- Option 2: Rs725 - This is the correct selling price for a 25% gain.

- Option 1: Rs1,080 - This is too high; it makes the gain over 85%.

- Option 3: Rs590 - This represents just a 1.7% profit, which is too low.

- Option 4: Rs820 - This gives a 41.37% profit, way above the desired 25%.

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