model 8 two article sold in different rates Section-Wise Topic Notes With Detailed Explanation And Example Questions
MOST IMPORTANT quantitative aptitude - 11 EXERCISES
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189+ Profit and Loss Questions for All Competitive Exams »
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New 199+ Profit and Loss MCQ Test with Shortcuts, Tricks »
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Top 199+ Profit and Loss Aptitude Practice Test For UPSC »
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New 249+ Profit and Loss Questions and Answers for TNPSC »
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New 249+ Profit and Loss Questions and Answers for TNPSC »
The following question based on profit & loss topic of quantitative aptitude
(a) Rs.10,500 and Rs.9,000
(b) Rs.12,000 and Rs.7,500
(c) Rs.11,500 and Rs.8,000
(d) Rs.10,000 and Rs.9,500
The correct answers to the above question in:
Answer: (c)
The sum of cost prices of two articles is x. One of them is sold at a loss of a% and other is sold at a gain of b% and their S.P. is same.
C.P. of article sold at a loss of a%
= ${100 + b}/{200 -a + b} × x$
= ${100 + 15}/{200 - 20 + 15}$ × 19500
= $115/195$ × 19500 = Rs.11500
C.P. of second article = Rs.8000
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Read more 2 articles sold in diff rates Based Quantitative Aptitude Questions and Answers
Question : 1
A cloth merchant sold half of his cloth at 40% profit, half of remaining at 40% loss and the rest was sold at the cost price. In the total transaction his gain or loss will be
a) 15% loss
b) 10% gain
c) 25% loss
d) 20% gain
Answer »Answer: (b)
Let the merchant bought 100 metres of cloth for Rs.100.
Total S.P. = Rs.$({50 × 140}/100 + {25 × 60}/100 + 25)$
=Rs.(70 + 15 + 25) = Rs.110
Gain per cent = 10%
Question : 2
A car and a jeep were sold for Rs.121000 each. The car was sold at a loss of 20% while the jeep at a gain of 20%. The entire transaction resulted in
a) gain of Rs.500
b) loss of Rs.10000
c) gain of Rs.1000
d) neither loss nor gain
Answer »Answer: (b)
Total SP = Rs.240000
CP of car = Rs.$(100/80 × 120000)$ = Rs.150000
CP of jeep = Rs.$(100/120 × 120000)$ = Rs.100000
Total CP = Rs.250000
Loss = Rs.(250000 - 240000) = Rs.10000
Question : 3
Kewal sells two tape recorders at the same price. On one, he gains 10% and on the other he loses 10%. The total gain or loss in the transaction is
a) 2% loss
b) No loss or gain
c) 1% loss
d) 1% gain
Answer »Answer: (c)
Using Rule 10,
Note : When S.P. of each of two items is same, on one of them there is x% loss and on the other there is x% gain, then there isalways a loss given by (x% of x)% = $x^2/100%$
The required loss % = ${10 × 10}/100$ = 1 %
GET profit & loss PRACTICE TEST EXERCISES
Model 1 Basic Concepts of C.P and S.P
model 2 gain lost percentage
model 3 gain/loss % with C.P/S.P
model 4 sold & brought
model 5 marked price
model 6 sold in circular path
model 7 sold at loss
model 8 two article sold in different rates
model 9 selling an article & interchanging its values
model 10 reduced/increased price of an article
model 11 ratio & partnership
profit & loss Shortcuts and Techniques with Examples
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Model 1 Basic Concepts of C.P and S.P
Defination & Shortcuts … -
model 2 gain lost percentage
Defination & Shortcuts … -
model 3 gain/loss % with C.P/S.P
Defination & Shortcuts … -
model 4 sold & brought
Defination & Shortcuts … -
model 5 marked price
Defination & Shortcuts … -
model 6 sold in circular path
Defination & Shortcuts … -
model 7 sold at loss
Defination & Shortcuts … -
model 8 two article sold in different rates
Defination & Shortcuts … -
model 9 selling an article & interchanging its values
Defination & Shortcuts … -
model 10 reduced/increased price of an article
Defination & Shortcuts … -
model 11 ratio & partnership
Defination & Shortcuts …
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