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Madhya Pradesh Police Exam Model Paper 5
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© examsnet.com
Question : 60
Total: 100
A seller has 20% loss after selling an item at Rs. 1,200. At what price should it sell to get 5% profit?
Rs.1500
Rs. 1575
Rs. 1800
Rs. 1875
Validate
Solution:
The selling price of an item at 20% loss = Rs. 1200
Concept used
:
C.P = S.P × 100/(100 – L%)
S.P = C.P × (100 + P%)/100
Where,
C.P → Cost price
S.P → Selling price
L% → Loss%
P% → Profit%
Calculations
:
C
.
P
=
S
.
P
×
100
/
(
100
–
L
%
)
⇒
C
.
P
=
1200
×
100
/
(
100
–
20
)
⇒
C
.
P
=
1200
×
100
/
80
⇒
C
.
P
=
1500
S.P of the item for 5% profit.
S
.
P
=
1500
×
105
/
100
⇒ 1575
∴ The required selling price is Rs. 1575
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