RBI Grade B Officer (General / DEPR / DSIM) 2023 · Question 101 of 260
Profit & Loss
3 Detailed solution: Statement-I: Let the cost price of the article be Rs. ‘x’. Selling price of the article = Rs. 1.45x Marked price of the article = 1.1 × 1.45x = Rs. 1.595x Now, 1.595x – 1.45x = 870 0.145x = 870 x = 6000 So, the selling price of the article = 1.45 × 6000 = Rs. 8700 So, statement-I alone is sufficient to answer the question. Statement-II: Let the cost price of the article be Rs. ‘x’. 1.5x – 1.45x = 300 0.05x = 300 x = 6000 So, the selling price of the article = 1.45 × 6000 = Rs. 8700 So, statement-II alone is sufficient to answer the question.
Source: RBI Grade B 2023 – Phase 1 recollected questions with answer key (EduTap compilation) · memory-based
Practice the full RBI Grade B Officer (General / DEPR / DSIM) 2023 paper
Timed test with all 260 questions, just like the real exam.
Start test