SSC CGL 4 June 2019 Shift-3

Question 51

On selling an article for ₹800, a person loses 20% of its selling price. At what price should he sell it to gain 25% on its cost price?

Solution

As per the given question,

Let the cost price of the article =x Rs.

So, the loss amount $$=\dfrac{800\times 20}{100}=160 Rs.$$

Hence the cost price of the article $$=800+160=960Rs.$$

Hence to get 25%, profit, the selling price $$=\dfrac{960\times 25}{100}=240$$

So, the selling price of the article $$=960+240=1200Rs. $$

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