SarkariPYQ

SSC Selection Post 2019 PYQ — Question 69

SSC Selection Post - Matriculation Level 2019 - 15 Oct 2019 • Quantitative Aptitude • Q69

Back to paper

By selling an article at 911\frac{9}{11} its actual selling price, a trader incurs a loss of 10%. What will be the profit percentage, if the article is sold for 5% less than its actual selling price 

 

Show answer & explanation

Correct answer: B

Explanation

The correct answer is Option 2 i.e. ​​​​​​​​4124\frac{1}{2}.

Let actual SP = ₹11

Then SP at 9/11​ = ₹9 so, CP = 9×10090=₹10\frac{9 \times 100}{90} = ₹10 

New SP at 5% less = 11×95100=₹10.4511 \times \frac{95}{100} = ₹10.45

Profit = 10.45 - 10 = 0.45

Profit % = 0.4510×100=4.5%\frac{0.45}{10} \times 100 = \boxed{4.5\%}