Question : A sold a horse to B for Rs. 4800, losing 20%. B sells it to C at a price that would have given A a profit of 15%. B's gain is:
Option 1: Rs. 1,800
Option 2: Rs. 1,900
Option 3: Rs. 2,000
Option 4: Rs. 2,100
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Correct Answer: Rs. 2,100
Solution : Selling price by A = Rs. 4,800 Loss = 20% of Cost price Selling price = Cost price – loss Rs. 4,800 = 80% of Cost price ⇒ Cost price by A = $\frac{4800}{0.8}$ = Rs. 6,000 Profit = 15% of Cost price by A ⇒ Selling price by B = Cost price + profit = 115% of Cost price by A = 115% of Rs. 6,000 = Rs. 6,900 B's gain = Selling price – Cost price = Rs. 6,900 – Rs. 4,800 = Rs. 2,100 Hence, the correct answer is Rs. 2,100.
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Question : A horse was sold for Rs. 60,000 at a profit of 20%. For what price should he have sold to gain a 30% profit?
Option 1: Rs. 64,000
Option 2: Rs. 65,000
Option 3: Rs. 50,000
Option 4: Rs. 55,000
Question : Ramesh purchases a table and a chair for Rs.3,900. He sells the table at a profit of 8% and the chair at a profit of 16%. He earns a profit of Rs.540. What is the difference between the original price of the table and the chair?
Option 1: Rs. 2,000
Option 2: Rs. 1,800
Option 3: Rs. 1,900
Option 4: Rs. 1,700
Question : The percentage profit earned by selling an article for Rs. 2,000 is the same as the percentage loss incurred by selling the same article for Rs. 1,200. At what price should that article be sold to make a profit of 20%?
Option 1: 2,000
Option 2: 1,800
Option 3: 1,920
Option 4: 1,840
Question : By selling a bag for Rs. 230, a profit of 15% is made. The selling price of the bag, when sold at 20% profit, would be:
Option 1: Rs. 250
Option 2: Rs. 205
Option 3: Rs. 240
Option 4: Rs. 200
Question : A T.V. is sold at 8% gain. Had it been sold for Rs. 714 more, the gain would have been 15%. To gain 18%, the selling price of the T.V. should be:
Option 1: Rs. 12,036
Option 2: Rs. 12,138
Option 3: Rs. 11,934
Option 4: Rs. 12,240
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