Question : A man lost 15% by selling a mobile for Rs. 4,675. What will be his gain percentage by selling it for Rs. 6,050?
Option 1: 10.5%
Option 2: 9.5%
Option 3: 9%
Option 4: 10%
Latest: SSC CGL Tier 1 Result 2024 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: 10%
Solution : The selling price of the mobile = Rs. 4,675 Loss percentage = 15% New selling price = Rs. 6,050 According to the question, 85% of CP = 4,675 ⇒ CP = $\frac{4675}{0.85}$ ⇒ CP = Rs. 5,500 If he sold it for Rs. 6,050, then, Profit% = $\frac{(\text{SP}-\text{CP})}{\text{CP}}\times{100}$ Profit% = $(6,050 - 5,500)\times{\frac{100}{5,500}}$ = $550 \times{\frac{100}{5500}}$ = 10% The required Profit% = 10%. Hence, the correct answer is 10%.
Candidates can download this ebook to know all about SSC CGL.
Admit Card | Eligibility | Application | Selection Process | Preparation Tips | Result | Answer Key
Question : By selling a tape recorder for Rs. 1040, a man gains 4%. If he sells it for Rs. 950, his loss will be:
Question : A man sells two cows for Rs. 15,640 each, gaining 15% on one and losing 15% on the other. Find his total gain or loss.
Question : A man spends 75% of his income. His income increases by 20% and his expenditure also increases by 10%. Find the percentage increase in his savings.
Question : By selling a watch for INR 2,000, a shopkeeper loses 20%. How much would he gain or lose by selling it for INR 3,000?
Question : A girl purchases 9 mangoes for Rs. 90 and sells 10 mangoes for Rs. 95. Find the gain or loss percentage.
Regular exam updates, QnA, Predictors, College Applications & E-books now on your Mobile