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SSC Sample Paper Mock Test-1 SSC CGL Tear-II Paper-1

  • question_answer
    A shopkeeper bought a chair and sold it at a loss of 10%. If he had bought it for 20% less and sold it for Rs. 55 more, he would have had a profit of 40%. What is the cost price of chair?

    A) Rs. 250

    B)  Rs. 200  

    C)  Rs. 225            

    D)  Rs. 175

    Correct Answer: A

    Solution :

    CP=Rs. x SP= Rs. \[\left[ \frac{90}{100}\times x \right]\]=Rs.\[\left[ \frac{9}{10}x \right]\] New CP= Rs.\[\left[ \frac{80}{100}\times x \right]\]=Rs.\[\left[ \frac{4x}{5} \right]\] Now, gain = 40%             \[\therefore \]New SP = Rs.\[\left( \frac{140}{100}\times \frac{4x}{5} \right)\]=Rs. \[\left( \frac{28x}{25} \right)\] \[\therefore \]      \[\frac{28x}{25}-\frac{9}{10}x=55\] \[\Rightarrow \]               x = Rs. 250 


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