An article bought for ₹2,200 is sold at a profit of 12%. What is its selling price?

Profit and Loss · Quantitative Aptitude · Easy · Practice for SSC CGL Tier 1

An article bought for ₹2,200 is sold at a profit of 12%. What is its selling price?

  1. ₹2,354
  2. ₹2,464
  3. ₹2,134
  4. ₹2,794
Answer and solution

Correct answer: B) ₹2,464

SP = CP × (100 + profit%) / 100 = 2,200 × 112 / 100 = ₹2,464.

Learn the method: Profit and Loss rules and worked examples · SSC CGL Tier 1 Quantitative Aptitude

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