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SSC MTS - 18/10/2024 - (4:00 PM - 5:30 PM)

18 October 2024 • 90 questions

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Question 1 / 90

By selling 120 note books, a shopkeeper gains the selling price of 40 note books. Find his gain percentage.

Show answer & explanation

Correct answer: C

Explanation

The correct answer is option 3 i.e 50%.

Let the selling price of 1 notebook be ₹1 (for simplicity).

Selling price of 120 notebooks = 120 × 1 = ₹120

Gain = Selling price of 40 notebooks = 40 × 1 = ₹40

Cost price = Selling price – Gain = 120 – 40 = ₹80

Gain % = (Gain ÷ Cost Price) × 100 = (40 ÷ 80) × 100 = 0.5 × 100 = 50%

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