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SSC MTS 2022 PYQ — Question 61

SSC MTS - 25 July 2022 - Shift 1 • Quantitative Aptitude • Q61

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The cost price of a notebook is ₹120. It is sold at a profit of 40%. What is the nominal profit made on the sale of each notebook?

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Correct answer: B

Explanation

The correct answer is option 2 i.e. ₹48 

The cost price of a notebook is ₹120

Profit % = (Selling price- Cost price)/Cost price× 100

Nominal profit = 40% of 120 

Nominal profit = 0.4×1200.4\times120

Nominal profit = 48

So,

The nominal profit made on each notebook is ₹48.