SSC CPO SI and ASI Model Paper 2

(3) According to the question,
5% of S.P. = 6% of C.P., i.e. 5S.P. –6C.P. = 0………….. (i)
7% of S.P. – 8% of C.P. = 1, i.e.7S.P. – 8C.P. = 100 …………….. (ii)
By solving both the equations, weget:
C.P. = 250, S.P. = 300; hence, theprofit ₹ 50