Multiple Choice Questions

Ranveer bought a computer paying 25 less than the list price and sold it to his neighbour at a 40 pr...........

Quantitative Aptitude (MTS) Profit and loss

Ranveer bought a computer paying 25% less than the list price and sold it to his neighbour at a 40% profit on his purchase cost.

The profit percentage earned by Ranveer on the list price of the computer is:

This questions was previously asked in

SSC MTS 5th July 2022 Shift-3

10%

7.5%

6.67%

- Ranveer bought the computer at 25% less than the list price.

- Therefore, the purchase price is 75% of the list price, i.e., 0.75 times the list price.

- He sold it making a profit of 40% on his purchase cost.

- The selling price would thus be 1.4 times the purchase price.

- Substituting the purchase price in terms of the list price: Selling price = 1.4 * 0.75 * List Price.

- Simplifying gives a selling price that is 1.05 times the list price.

- Thus, the profit percentage on the list price is 5%.

Correct Option: 4, 5%

Submit Error