BANKING Content

IBPS RRB Clerk 2018 Question 4

Question 4

The cost price of an item is two-third of its selling price. What is the gain/loss percent on that item?

Solution

Given that ,

Cost price (cp) = $$\frac{2}{3}$$ selling price(sp)

  • Clearly, selling price is more than cost price. Hence it is a GAIN .
  • Gain% = [(sp - cp)/ cp] * 100
  • = [(sp/cp) -1] * 100
  • = ($$\frac{34}{3}$$ - 1 ) * 100
  • = 50


Create a FREE account and get:

  • Banking Quant Shortcuts PDF
  • Free Banking Study Material - (15000 Questions)
  • 135+ Banking previous papers with solutions PDF
  • 100+ Online Tests for Free

Comments

Register with

OR

Boost your Prep!

Download App