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SSC CGL 2022 PYQ — Question 70

SSC CGL - 06 Dec 2022 - Shift 3 • Quantitative Aptitude • Q70

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The selling price of 28 items is equal to the cost price of 17 items. What is the percentage of profit or loss?

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Correct answer: A

Explanation

The correct answer is option 1 i.e.  392739\frac{2}{7}% loss

Formula used:

Loss = SP - CP              ----- (1)

Loss% = (Loss/CP) × 100            ---- (2)

Calculations:

According to the question;

⇒ 28SP = 17CP

⇒ SP/CP = 17/28

Let the SP and CP be 17x and 28x

Using equation (1), we get

⇒ Loss = 28x - 17x = 11x

Using equation (2)

⇒ Loss % = (11x/28x) × 100 = 275/7

⇒ 39(2/7)%