The difference between the cost price and selling price of a pair of shoes is Rs. 1,200. If the profit is 15%. The selling price is:

Question

Question

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SSC GD Constable Memory Based Test (1 Feb 2023 Shift 1)

Answer 1

Given:

The difference between the cost price and selling price of a pair of shoes is Rs. 1,200

Profit % = 15%

Concept used:

Selling price = Cost price × (100 + profit)%

Calculation:

Let the cost price of the pair of shoes be 100a

So, selling price = 100a × 115%

⇒ 115a

According to the question,

115a - 100a = 1200

⇒ 15a = 1200

⇒ a = 80

So, selling price = 115 × 80

⇒ 9200

∴ The selling price is Rs. 9200.

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