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SSC MTS - 21/10/2024 - (12:30 PM - 2:30 PM)

21 October 2024 • 90 questions

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Question 1 / 90

A shopkeeper buys 15 mobiles and sells 12 mobiles at the cost price of 15 mobiles. If the shopkeeper sells all the mobiles at the same price at which he sold the 12 mobiles in the first case, what is the profit percentage?

Show answer & explanation

Correct answer: B

Explanation

The correct answer is option 2 i.e 25%.

Let the cost price of 1 mobile = ₹1

Total cost price of 15 mobiles = ₹15

Selling price of 1 mobile = 15 ÷ 12 = ₹1.25

Selling price of 15 mobiles = 15 × 1.25 = ₹18.75

Profit = Selling price - Cost price = 18.75 - 15 = ₹3.75

Profit % = (3.75 ÷ 15) × 100 = 25%

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