Question : The initial profit percentage on the sale of an item was 55%. If the item's cost price went up by 24%, but the selling price remained the same, what would be the new profit percentage?
Option 1: 36%
Option 2: 25%
Option 3: 28%
Option 4: 33%
Latest: SSC CGL 2024 final Result Out | SSC CGL preparation tips to crack the exam
Don't Miss: SSC CGL Tier 1 Scorecard 2024 Released | SSC CGL complete guide
Suggested: Month-wise Current Affairs | Upcoming Government Exams
Correct Answer: 25%
Solution : Let the cost price of an article be 100. ⇒ profit = 100 × 55% = 55 Now, selling price = 100 + 55 = 155 New cost price = 100 + 100 × 24% = 124 So, new profit = 155 – 124 = 31 $\therefore$ Profit percentage = $\frac{31}{124} × 100= 25\%$ Hence, the correct answer is 25%.
Candidates can download this ebook to know all about SSC CGL.
Admit Card | Eligibility | Application | Selection Process | Preparation Tips | Result | Answer Key
Question : The selling price of 28 items is equal to the cost price of 17 items. What is the percentage of profit or loss?
Option 1: $39 \frac{2}{7} \%$ loss
Option 2: $39 \frac{2}{7} \%$ profit
Option 3: $33 \frac{2}{7} \%$ profit
Option 4: $33 \frac{2}{7} \%$ loss
Question : If the cost price of 20 books is the same as the selling price of 25 books, then the loss percentage is:
Option 1: 20%
Option 3: 22%
Option 4: 24%
Question : On a certain item profit is 150%. If the cost price increases by 25%, what will be the new profit margin (in %)?
Option 1: 25
Option 2: 50
Option 3: 100
Option 4: 75
Question : A manufacturer fixes his selling price at 33% over the cost of production. If the cost of production goes up by 12% and the manufacturer raises his selling price by 10%, his percentage profit is:
Option 1: $28\frac{3}{8}\%$
Option 2: $30\frac{5}{8}\%$
Option 3:
$36\frac{5}{9}\%$
Option 4:
$35\%$
Question : If the selling price is tripled and the cost price is doubled, the profit would be 65%. What is the present profit (in%)?
Option 1: 20
Option 2: 15
Option 3: 25
Option 4: 10
Regular exam updates, QnA, Predictors, College Applications & E-books now on your Mobile