SSC CHSL 2022 PYQ — Question 69

The correct answer is Option 2 i.e. 12.5%

Given:

Gain = ${1 \over 8} \times CP$

Explanation:

Let the CP be x.

Then gain = ${1 \over 8} \times x$

Now, $Profit\ \% = {Profit \over CP} \times 100$

⇒ $Profit\ \% = {{1 \over 8 }\times x \over x} \times 100$

⇒ $Profit\ \% = {1 \over 8 } \times 100$

⇒ Profit % = 12.5%

Hence the required answer is 12.5 %.