Multiple Choice Questions

A person sold an aiticle at a loss of 7 Had he sold it at a gain of 10 5 he would have received Rs10...........

Quantitative Aptitude (MTS) Profit and loss

A person sold an aiticle at a loss of 7%. Had he sold it at a gain of 10.5%, he would have received Rs105 more. To gain 11 %, he

should have sold it (in Rs) for:

This questions was previously asked in

SSC MTS 7th October 2021 Shift-2

600

666

636

642

- The person sold the article initially at a 7% loss. If the initial cost price is 'x', then the selling price is $0.93 x$ .

- If sold at a 10.5% gain, the selling price would have been $1.105 x$ .

- The difference between these two selling prices is Rs 105, so $1.105 x - 0.93 x = 105$ .

- Solving the equation gives $0.175 x = 105$ , hence $x = 600$ .

To gain 11%, the selling price should be $1.11 \times 600 = 666$ .

- Option 2: 666 is highlighted as the correct answer.

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