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SSC Selection Post 2022 PYQ — Question 75

SSC Selection Post - Matriculation Level 2022 - 9 Feb 2022 - Shift 1 • Quantitative Aptitude • Q75

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A man sold an article for ₹9,700 and earned a profit of 25%. What would have been his profit or loss per cent (to the nearest integer), had he sold it for ₹8,400?

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Correct answer: C

Explanation

The correct answer is Option 3 i.e. Profit, 8%.

Let CP = 97001.25\frac{9700}{1.25} = ₹7760

Now selling at ₹8400:

Profit = 8400 − 7760 = 640

Profit% = 6407760×100{640\over7760}\times100 = 8%