Question : An item is sold for Rs. 2,744 and the seller earns 12% profit. What should be the selling price (in Rs.) to earn only 5% profit?
Option 1: 2,572.50
Option 2: 2,725.50
Option 3: 2,527.50
Option 4: 2,275.50
Recommended: How to crack SSC CHSL | SSC CHSL exam guide
Don't Miss: Month-wise Current Affairs | Upcoming government exams
Correct Answer: 2,572.50
Solution :
Given: SP = Rs. 2744
Let CP be $x$
SP = CP + Profit
We know the formula, SP = $\frac{(100+\text{profit%})}{100}$ × CP
Where SP is the selling price and CP is the cost price.
According to the question,
SP $=x+\frac{12}{100}x = \frac{112x}{100}$
⇒ 2744 = $\frac{112x}{100}$
⇒ $x$ = 2450
⇒ CP = 2450
To earn 5% profit, SP = $\frac{\text{CP}×105}{100}$
= $\frac{2450×105}{100}$
= Rs. 2572.50
Hence, the correct answer is 2,572.50.
Related Questions
Know More about
Staff Selection Commission Combined High ...
Answer Key | Eligibility | Application | Admit Card | Preparation Tips | Result | Cutoff
Get Updates BrochureYour Staff Selection Commission Combined Higher Secondary Level Exam brochure has been successfully mailed to your registered email id “”.




