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Multiple Choice Questions

A man wanted to sell his cycle at 20 profit but actually sold it at 20 loss for Rs960 At what price ...........

Quantitative Aptitude (MTS) Profit and loss

A man wanted to sell his cycle at 20%, profit but actually sold it at 20% loss for Rs960. At what price did he want to sell it to earn

the profit of 20%?

This questions was previously asked in

SSC MTS 13th October 2021 Shift-3

View All SSCMTS Previous Year Papers

Rs1,420

Rs1,440

Rs1,450

Rs1,340

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Explanation:

Rs1,440

- The man sold his cycle at a 20% loss for Rs 960.
- Loss implies the selling price (SP) is less than the cost price (CP).
- Let CP = \( x \), then SP = \( 0.8x = 960 \).
- Solving for \( x \), CP = Rs 1,200.

- He wanted a 20% profit:
- Desired SP = \( x + 0.2x = 1.2x \).
- Desired SP = \( 1.2 \times 1200 = 1440 \).

- **Option 2: Rs 1,440** is the correct price for a 20% profit. ✅

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