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AFCAT Model Paper 6

Question : 57 of 100

Marks: +1, -0

Solution:

Given:

Selling Price (SP) = Rs. 198

Profit percent (P%) = 10%

Profit percent (P%) = 25%

Concept:

Basics of profit and loss and the relationship between marked price and cost price

Formula Used:

SP = CP \times \frac{100 \pm \frac{P}{L}}{100}

Calculation:

SP = CP \times \frac{100+10}{100}

⇒ CP = 180

Now, if shopkeeper wants profit of 25% then, selling price must be

⇒

SP = 180 \times \frac{100+25}{100}

⇒ S.P = Rs. 225

∴ The selling price of the cake is Rs. 225.

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