FLT 1 - Arithmetic Word Problem (Q60): A retail vendor purchased an article for ₹1050 and sold it at a profit of 20%. What was the selling price of the article?

Subject: Quantitative Aptitude | Topic: Profit, Loss & Discount | Difficulty: EASY

Options

1. (A) ₹1260
2. (B) ₹1275
3. (C) ₹1248
4. (D) ₹1285
5. (E) ₹1240

Verified Answer

Option (A): ₹1260

10-Second Shortcut Trick

⚡ 10-Second Exam Shortcut: Eliminate options ending in incorrect units or calculate unit digits first before solving full arithmetic.

Step-by-Step Derivation

1. Analyze the given condition or equation.
2. Apply the standard formula or deduction rules.
3. Correct choice is (A): ₹1260

Common Trap to Avoid

⚠️ Common Trap: Misreading inverse proportions or rushing calculation in the last algebraic step.

Exam Tip

💡 Exam Tip: Always verify if question asks for perimeter, area, or remaining fraction.

Related Practice Questions in Profit, Loss & Discount

• If, on a marked price, the difference between selling prices with a discount of 65% and with two successive discounts of 30% and 40% is ₹ 10
• Ramesh purchased some items from a dealer on 19 November 2019. The bill generated was for ₹ 5,480. He had also purchased some items on 10 No
• Find the gain percentage, given that Priya sold her scooter for ₹ 42,564 gaining 1⁄6 of the selling price.
• A shopkeeper marked an article at ₹ 5,000. The shopkeeper allows successive discounts of 20%, 15%, and 10%. The selling price of the article

Practice more Profit, Loss & Discount questions in SSC CGL Complete Test Series 2026.

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