Multiple Choice Questions

Arvind bought eight washing machines at Rs16 000 each and sold all of them at a total price of Rs1 1...........

Quantitative Aptitude (MTS) Profit and loss

Arvind bought eight washing machines at Rs16,000 each and sold all of them at a total price of Rs1,12,640. Find his profit or loss

percentage.

This questions was previously asked in

SSC MTS 22nd October 2021 Shift-2

Loss 15%

Loss 12%

Profit 15%

Profit 12%

Let's break down the problem step by step:

- Cost Price (CP): Arvind bought 8 washing machines at Rs. 16,000 each.

\text{Total CP} = 8 \times 16,000 = 1,28,000

- Selling Price (SP): Arvind sold them for a total of Rs. 1,12,640.

- Profit or Loss Calculation:

\text{Loss} = \text{Total CP} - \text{SP} = 1,28,000 - 1,12,640 = 15,360

- Loss Percentage:

\text{Loss Percentage} = \left(\frac{\text{Loss}}{\text{Total CP}}\right) \times 100 = \left(\frac{15,360}{1,28,000}\right) \times 100 = 12\%

- Option Analysis:

- Option 1: Loss 15% — Incorrect

- Option 2: Loss 12% — Correct

- Option 3: Profit 15% — Incorrect

- Option 4: Profit 12% — Incorrect

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