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SSC Quantitative Aptitude Profit and Loss Question Bank Profit Loss and Discount (II)

  • question_answer
    Manohar sold an item for Rs. 8400 and incurred a loss of 25%. At what price should he have sold the item to have gained a profit of 40%?

    A) Rs. 15680

    B) Rs. 16220

    C) Rs. 14540

    D) Cannot be determined

    Correct Answer: A

    Solution :

    [a] \[\because \]A = Rs. 8400, r = 25% and R = 40% \[\therefore \] New selling price \[=A\times \left( \frac{100+R}{100-r} \right)\] \[=8400\times \left( \frac{100+40}{100-25} \right)\] = Rs. 15680


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