Multiple Choice Questions on When an article is sold for Rs531 there is a gain of 18 If it is sold for Rs486 then there will be a........... for SSC (MTS) Preparation

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Multiple Choice Questions

When an article is sold for Rs531 there is a gain of 18 If it is sold for Rs486 then there will be a...........

Quantitative Aptitude (MTS) Profit and loss
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    When an article is sold for Rs531, there is a gain of 18%. If it is sold for Rs486, then there will be a:

    This questions was previously asked in
    SSC MTS 8th October 2021 Shift-2
    View All SSCMTS Previous Year Papers

    gain of 8%

    Correct Answer

    gain of 10%

    Incorrect Answer

    loss of 10%

    Incorrect Answer

    loss of 8%

    Incorrect Answer
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    Explanation:

    To determine whether selling for Rs486 results in a gain or loss, we need to find the cost price first.

    - Selling Price (SP) when gain is 18%: Rs531

    - The formula is SP = CP + (18% of CP)

    - Rs531 = CP + (18/100 * CP)

    - Rs531 = (118/100) * CP

    - CP = Rs531 / 1.18 = Rs450

    - Evaluate selling at Rs486:

    - Selling Price (SP): Rs486

    - Cost Price (CP): Rs450

    - Calculate gain or loss:

    - Gain/Loss = SP - CP = Rs486 - Rs450 = Rs36

    - Percentage Change:

    - (Gain/CP) * 100 = (36/450) * 100 = 8% Gain

    - Conclusion:

    - Option 1: Gain of 8%

    - Option 2: Gain of 10%

    - Option 3: Loss of 10%

    - Option 4: Loss of 8%

    .

    By: santosh
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