Postal or Sorting Assistants Model Paper 1 With Solutions

Question : 11 of 100

Marks: +1, -0

Manhar sold an item for ₹ 8,400 and incurred a loss of 25%. At what price should he have sold the item to have gained a profit of 40%?

Solution:

Cost price of item.

= 8400×100/{100-25}=8400×100/75=₹11200

SP of item

=11200×{100+40}/100=11200×140/100=₹15680

=11200 ×{100+40}/100=11200×140/100=₹15680

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