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SSC CHSL 2020 · PYQ · Profit and Loss · medium

On selling a bike for ₹2500 a seller incurs a loss of 20%. What price would have caused him to lose 30%?

Answer

The correct answer is B: ₹2187.5. Cost price = 2500/0.8 = ₹3125. To incur a 30% loss: selling price = 3125×0.7 = ₹2187.5.

  1. A.₹2185.5
  2. B.₹2187.5✓ Correct
  3. C.₹2186.5
  4. D.₹2188.5

Explanation

Cost price = 2500/0.8 = ₹3125. To incur a 30% loss: selling price = 3125×0.7 = ₹2187.5.
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