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SSC MTS 2024 PYQ — Question 5

SSC MTS - 08/10/2024 - (12:30 PM - 2:30 PM) • Quantitative Aptitude • Q5

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A man sold an article for ₹247.50, thereby gaining 12.5%. The cost of the article (in ₹) was:

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Correct answer: C

Explanation

The correct answer is Option 3 i.e. 220.

Let CP = ₹x

Gain = 12.5%

⇒ SP = 12.5x100\frac{12.5x}{100} = x×112.5100x \times \frac{112.5}{100}

According to the question,

⇒ x×112.5100=247.50x \times \frac{112.5}{100} = 247.50

⇒ x=247.50×100112.5x = \frac{247.50 \times 100}{112.5} = 24750112.5\frac{24750}{112.5}

⇒ x = ₹220