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Question

By selling a bag at Rs. 230, profit of 15% is made. The selling price of the bag, when it is sold at 20% profit would be

This question was previously asked in
SSC CGL 2016 (Tier 1) Previous Year Question Paper (11-Sep-2016) (Shift 2)
The correct answer is

Rs. 240

Let the cost price of the bag be C. A 15% profit on selling at Rs. 230 means:

C + 0.15C = 230

1.15C = 230

C = 230 / 1.15 = 200

So, the cost price is Rs. 200.

To find the selling price with a 20% profit:

Selling Price = C + 0.20C = 1.20C = 1.20 * 200 = 240

Therefore, the selling price at a 20% profit is Rs. 240.

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Similar Questions

  1. A furniture establishment initially disposes of a particular dining table for ₹X, thereby realizing a 25% profit margin. Subsequently, as a promotional strategy for a festive period, the marked price of this identical table is elevated to ₹Y. Following this adjustment, a special concession of 20% is applied to the newly established marked price. The inquiry then seeks to ascertain the resulting percentage profit generated by the store during this specific celebratory sales period. What is the percentage profit earned by the store during the festive sale?
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Important Questions from Profit and Loss

  1. Veer bought some sharpeners at the rate of ₹180/dozen. He sold them for ₹23 each. His profit percentage is ____ % (rounded off to two decimal places).
  2. A shopkeeper lists the price of a fan at 60% above its cost price and offers a 15% discount on its list price. If he earns a profit of ₹117, then what is the list price (in ₹) of the fan?
  3. The marked price of an article is ₹800. It is sold at two successive discounts of 24% and 15%, respectively. Find the selling price of the article.
  4. A discount of 13% on the marked price of an article is allowed and then the article is sold for ₹348. The marked price of the article is:
  5. A trader claims to sell grains at a profit of 29%, but also dishonestly uses a weight which is 13% less than what is mentioned on it. Find the total percentage of profit earned by the trader. (Round off the answer to the nearest whole number.)
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