By selling an article for Rs1 122 there is a loss of 12 If it is sold for Rs1 224 when what is the p...........

Quantitative Aptitude (MTS) Profit and loss

By selling an article for Rs1,122, there is a loss of 12%. If it is sold for Rs1,224, when what is the profit or loss percentage?

This questions was previously asked in

SSC MTS 26th October 2021 Shift-2

Loss, 4%

Loss, 8%

Profit, 4%

Profit, 8%

- We start by determining the cost price. Selling at Rs 1,122 with a 12% loss means the cost price is higher.

- Cost Price = Selling Price / (1 - Loss%)

- Cost Price = 1,122 / 0.88 = Rs 1,275

- Now, for selling at Rs 1,224:

- Difference in selling price = Rs 1,224 - Rs 1,275 = Rs -51

- Since Rs 1,224 is less than the cost price, it’s a loss.

- Loss percentage calculation:

- Loss% = (Loss/Cost Price) × 100

- Loss% = (51/1,275) × 100 ˜ 4%

- Options:

- 1: Loss, 4%

- 2: Loss, 8%

- 3: Profit, 4%

- 4: Profit, 8%

Correct Answer: Option 1 – Loss, 4%

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