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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New 199+ Profit & Loss Aptitude MCQs with Basic C.P & S.P »
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Top 250+ Profit & Loss Problems with Gain Lost Percentage »
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249+ Profit & Loss Aptitude MCQs Gain Lost % with C.P S.P »
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189+ Profit Loss Aptitude Sold Bought Practice MCQ Test »
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Top 179+ Profit & Loss Aptitude Practice Test for Bank Exam »
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New 189+ Profit and Loss Aptitude MCQs for All Govt Exams »
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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) The shopkeeper loses by 4%
(b) The shopkeeper gains by 4%
(c) The shopkeeper loses by 2%
(d) The shopkeeper makes no net gain or profit
The correct answers to the above question in:
Answer: (a)
Using Rule 10,If a man sells two similar objects, one at a loss of x% and another at a gain of x%, then he always incurrs loss in this transaction and loss% is $x^2/100%$
If a man sells two articles at same price and makes a profit of x% on first and x% loss on second, there is always a loss of $x^2/100%$
Loss% = $(20)^2/100 = 100/400$ = 4%
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Read more 2 articles sold in diff rates Based Quantitative Aptitude Questions and Answers
Question : 1
A person sells two machines at Rs.396 each. On one he gains 10% and on the other he loses 10%. His profit or loss in the whole transaction is :
a) 8% profit
b) 1% profit
c) 1% loss
d) no gain no loss
Answer »Answer: (c)
Using Rule 10,
Here, the S.P. is same for both the machines. Hence, there will be always a loss in this situation. Required loss %
= ${10 × 10}/100$ = 1%
Question : 2
A man sells two pipes at Rs.12 each. He gains 20% on one and loses 20% on the other. In the whole transaction, there is
a) Profit of Rs.2
b) loss of Rs.1
c) profit of Rs.1
d) neither loss nor gain
Answer »Answer: (b)
Using Rule 10,
Required loss% = $(20)^2/100 = 100/400$ = 4%
Since, (100 - 4)% ≡ 24
4% ≡ $24/96 × 4$ = Loss of Rs.1
Question : 3
Some toffees were bought at the rate of 11 for Rs.10 and the same number at the rate of 9 for Rs.10. If the whole lot was sold at one rupee per toffee, then the gain or loss in the whole transaction was
a) gain of 1.5%
b) neither gain nor loss
c) gain of 1%
d) loss of 1%
Answer »Answer: (d)
For the sake of convenience, Let the number of toffees of each type bought be 99 (LCM 11 and 9).
CP of first kind of 99 toffees = Rs.90
CP of second kind of 99 toffees = Rs.110
CP of 198 toffees = Rs.200
SP of 198 toffees = Rs.198
Loss = Rs.2 ⇒ Loss % = $2/200 × 100$ = 1%
Question : 4
Two bicycles were sold for Rs.3990 each, gaining 5% on one and losing 5% on other. The gain or loss per cent on the whole transaction is :
a) 0.25% loss
b) 2.5% loss
c) 2.5% gain
d) neither gain nor loss
Answer »Answer: (a)
Using Rule 10,
In such a situation, there is always a loss.
The selling price is immaterial. Loss %
= $(\text"Common loss or gain%"/10)^2 = (5/10)^2$% = 0.25%
Question : 5
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 %
Question : 6
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
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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