Profit, Loss and Discount · UPSC CDS/OTA · Question 21 of 30

Profit, Loss and Discount – Question 21

Step-by-step solution. Profit, Loss and Discount for UPSC CDS/OTA.

Topic
Profit, Loss and Discount
Subject
Mathematics
Difficulty
Medium
Solve Time
45–60 sec

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Q · Profit, Loss and DiscountMedium · 45s

Mithilesh makes 750 articles at a cost of 60 paise per article. He fixes the selling price such that if only 600 articles are sold, he would have made a profit of 40% on the outlay. However, 120 articles got spoiled and he was able to sell 630 articles at this price. Find his actual profit percent as the percentage of total outlay assuming that the unsold articles are useless.

TopicProfit, Loss and Discount
Question Typemultiple choice
DifficultyMedium
Marking+1 / −0.33
Test Duration30 min

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Solution illustration 1
Final Answer: Option B — 53%
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Profit, Loss and Discount Question 21 – UPSC CDS/OTA