Exams › SSC CGL (Prelims) › General
The ratio of profit to the cost price of an item is 3:8. What is the ratio of selling price to profit?
- 11: 3
- 9: 4
- 7: 5
- 12: 7
Correct answer: 11: 3
Solution
Let profit = 3x and cost price = 8x. Then selling price = 3x + 8x = 11x. So the ratio of selling price to profit is 11x:3x = 11:3.
Related SSC CGL (Prelims) General questions
- How many kilograms of wheat costing 52 per kg must be mixed with 30 kg of wheat costing 40 per kg so that a 20% gain may be obtained by selling the mixture at 54 per kg?
- C and D invested ₹1,40,000 and ₹1,80,000, respectively. C remained invested for 9 months and D for 8 months. If C's share in the profit is ₹18,900, what is the total profit?
- A television set is sold for ₹Q and the shopkeeper earns a profit of 25%. During a clearance sale, he marks the same set at 1.4Q and allows a discount of 15% on the marked price. What is his profit percentage during the sale?
- A trader marks his goods 30% above the cost price and then allows a discount of 12%. What is his profit percentage?
- A shopkeeper marks his products 50% above the cost price and allows a discount of 20% on the marked price. He also gives an additional cash discount of ₹120 and still makes a profit of 16% on cost. What is the cost price of the product?
- X and Y started a business by investing ₹60,000 and ₹90,000 respectively. After 6 months, X doubled his capital, while Y reduced his capital by ₹30,000. If the total annual profit is ₹62,000, what is Y's share (to the nearest integer)?
⚔️ Practice SSC CGL (Prelims) General free + battle 1v1 →