UGC NET Paper 1 GA 20 Nov 2021 Shift 1 Solved Paper

Given Loss $=25\%=1∕4$
Let, cost price $=4\mathit{x}$, loss $=1\mathit{x}$ and selling price $=4\mathit{x}-1\mathit{x}=3\mathit{x}$
Given, selling price of an item $=$ Rs. 1200
$\Rightarrow 3\mathit{x}=1200$
$\Rightarrow \mathit{x}=400$
Cost price $=4\mathit{x}=4\times 400=$ Rs. 1600
For profit of $30\%$, selling price $=1600\times 130∕100$
$\Rightarrow$ Selling price $=$ Rs. 2080
$\therefore$ The correct answer is Rs.2080.