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SSC MTS 2024 PYQ — Question 20

SSC MTS - 01/10/2024 - (12:30 PM - 2:30 PM) • Quantitative Aptitude • Q20

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By selling an article for ₹19, a dealer makes a profit of 20%. By how much should he increase his selling price (in ₹, rounded off to two decimal places) so as to make a profit of 40%?

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Correct answer: D

Explanation

The correct answer is Option 4 i.e. 3.16.

CP = SP/(1 + Profit/100)

CP = 19(1+20100)19\over(1+{20\over100}) = 191.219\over1.2 = 15.83

New SP = CP × (1 + 4010040\over100) = 15.83 × 1.4 = 22.16

Increase reqiored = 22.16 - 19 = 3.16