Multiple Choice Questions

By selling an article for Rs1 500 double the profit is obtained than the profit that would have been...........

Quantitative Aptitude (MTS) Profit and loss

By selling an article for Rs1,500, double the profit is obtained than the profit that would have been obtained by selling it for

Rs1,350. Find the cost price of the article.

This questions was previously asked in

SSC MTS 11th October 2021 Shift-2

Rs1,100

Rs1,200

Rs1,400

Rs1,000

To find the cost price, let's analyze:

- Let CP be the cost price.

- Selling for Rs1,500 gives a profit of Rs1,500 - CP.

- Selling for Rs1,350 gives a profit of Rs1,350 - CP.

- According to the problem, the profit from Rs1,500 sale is twice the profit from Rs1,350 sale.

Set up the equation:

1,500 - CP = 2 \times (1,350 - CP)

Solve:

- Expand: $1, 500 - C P = 2, 700 - 2 \times C P$

- Rearrange: $2 C P - C P = 2, 700 - 1, 500$

- Simplify: $C P = 1, 200$

- So, the cost price is Rs1,200.

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