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SSC MTS 2022 PYQ — Question 66

SSC MTS - 26 July 2022 - Shift 2 • Quantitative Aptitude • Q66

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Geeta bought a bag for ₹1,000 and spent ₹300 on fixing the defects in the bag. Later, she sold it for ₹1,508. What is the percentage of profit that Geeta earned through the sale?

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Correct answer: D

Explanation

The correct answer is option 4 i.e. 16%

Total money Geeta spent on the bag = ₹1,000 + ₹300 = ₹1,300

So,

Cost price of the bag = ₹1,300

Selling price of the bag = ₹1,508

So,

Profit percentage = (1508−13001300)×100\left ( \frac{1508-1300}{1300} \right )\times 100

Profit percentage = 16%