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SSC MTS 2021 · PYQ · Profit and Loss · medium

If the selling price of a shirt is reduced from ₹440 to ₹410, the loss increases by 4%. What is the cost price of the shirt?

Answer

The correct answer is A: ₹750. The reduction in SP = ₹30, which corresponds to 4% of CP. So CP = 30/4 × 100 = ₹750.

  1. A.₹750✓ Correct
  2. B.₹500
  3. C.₹450
  4. D.₹650

Explanation

The reduction in SP = ₹30, which corresponds to 4% of CP. So CP = 30/4 × 100 = ₹750.
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