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

  • question_answer
    The ratio of cost price and selling price of an article is 20 : 21. Then, gain per cent on it, is [SSC CGL Tier II, 2017]

    A) 4%

    B) 5%

    C) 6%

    D) 7%

    Correct Answer: B

    Solution :

    [b] CP = Rs. 20x and SP = Rs. 21x \[\therefore \] Profit percentage \[=\frac{(21x-20x)}{20x}\times 100\]             \[=\frac{x}{20x}\times 100%=\frac{100}{20}=5%\]


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