Selling price at 15% gain — Profit & Loss Aptitude Question
Selling price at 15% gain: What is the selling price of an article costing ₹6,000 if it is sold at a gain of 15%? Answer and worked solution on CodeKairo.
- Topic: Profit & Loss
- Section: Quantitative Aptitude
- Difficulty: Easy
- Time target: 40 seconds
Question
What is the selling price of an article costing ₹6,000 if it is sold at a gain of 15%?
Options
- ₹6,600
- ₹6,750
- ₹6,900
- ₹7,200
Show the answer and the worked solution
Correct answer: C. ₹6,900
Worked solution
- Gain = 15% of 6,000 = 900.
- SP = 6,000 + 900 = ₹6,900.
Answer: ₹6,900.
The idea
Build the percentage from 10% and 5% blocks rather than multiplying by 1.15 directly. Faster to do in the head and easy to check.
Shortcut. 15% of 1,000 is 150, so 15% of 6,000 is 6 × 150 = 900 and the selling price is ₹6,900.
Common trap. "₹6,600" — stopping after the 10% block (600) and forgetting the further 5% (300).