Multiple Choice Questions on A person bought an article and sold it at aWhich of the statements given above is are profit of 20 H........... for CDS Exam Preparation

Back to Main Page

Multiple Choice Questions

A person bought an article and sold it at aWhich of the statements given above is are profit of 20 H...........

Quantitative Aptitude (CDS) Profit and loss
    Download Solution PDF

    A person bought an article and sold it at aWhich of the statements given above is/are profit of 20%. Had he bought it at 20% less,correct ? what would have been the profit percentage if the selling price had been the same ?

    This questions was previously asked in
    2023 CDS -2 MATH
    View All CDS Previous Year Papers
    25%
    Incorrect Answer

    40%

    Incorrect Answer

    50%

    Correct Answer

    60%

    Incorrect Answer
    छोटे Courses बड़े Results
    Master Profit and loss
    Prepare through Micro-courses
    Try Now
    Explanation:

    - We've established that the selling price (SP) results in a 20% profit.

    - This implies SP = 1.2 * Cost Price (CP).

    - Consider if he bought the item at 20% less:

    - This means the new CP would be 80% of the original, or 0.8 * CP.

    - Profit percentage with unchanged SP:

    - New Profit = SP - New CP

    - New Profit Percentage = [(SP - New CP) / New CP] * 100

    - Substituting values,

    - New Profit Percentage = [(1.2 * CP - 0.8 * CP) / 0.8 * CP] * 100

    - This simplifies to 50%.

    - Option 3 - 50% is indeed the correct answer.

    .

    By: Parvesh Mehta
    ProfileResources

    Let's Discuss

    Master
    Profit and loss
    With abhipedia
    Micro Courses
    Try Now
    What our students have to say
    Review on us
    Download Abhipedia Android App

    Access to prime resources

    Downlod from playstore
    download android app download android app for free