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SSC GD 2023 PYQ — Question 55

SSC GD Constable (English) - 24 Jan 2023 - Shift 3 • Quantitative Aptitude • Q55

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A person buys the stock of a company at Rs.12,000. If he sells that stock (a year later) he gets Rs.15,000. Determine the percentage profit earned.

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Correct answer: A

Explanation

The correct answer is option 1 i.e. 25%

Given:

CP = Rs.12,000

SP = Rs.15,000

Concept USed:

Profit = SP - CP

Profit % = ProfitCP×100{Profit \over CP} \times 100

Explanation:

According to the given question,

Profit = 15000 - 12000 = 3000

Now,  Profit % = 300012000×100{3000 \over 12000} \times 100 = 25%

Hence the required answer is 25%.