Model 1 Basic Concepts of C.P and S.P 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) Rs.80,000
(b) Rs.76,800
(c) Rs.72,000
(d) Rs.84,000
The correct answers to the above question in:
Answer: (a)
Using Rule 3,
Cost price = ${64000 × 100}/80$ = Rs.80000
Discuss Form
Read more basic cp and sp Based Quantitative Aptitude Questions and Answers
Question : 1
If there is a profit of 20% on the cost price, the per centage of profit on the sale price is
a) 15$1/3$%
b) 12 %
c) 16$2/3$%
d) 16 %
Answer »Answer: (c)
Cost price = Rs.x
S.P. = ${120x}/100$ = Rs.${6x}/5$
Gain = Rs.$x/5$
Required gain per cent = ${x/5}/{{6x}/5} × 100$
= $100/6 = 50/3 = 16{2}/3$%
Question : 2
The total cost of 8 buckets and 5 mugs is Rs.92 and the total cost of 5 buckets and 8 mugs is Rs.77. Find the cost of 2 mugs and 3 buckets.
a) Rs.30
b) Rs.70
c) Rs.35
d) Rs.38
Answer »Answer: (c)
C.P. of 1 bucket = x
C.P. of 1 mug = y
8x + 5y = 92 .....(i)
5x + 8y = 77 .....(ii)
By using equation (i) × 5 - equation (ii) × 8,
40x + 25y - 40x - 64y
= 460 - 616
- 39y = - 156 ⇒ y = 4
From equation (i),
8x + 20 = 92
8x = 92 - 20 = 72 ⇒ x = 9
C.P. of 2 mugs and 3 buckets
= 2 × 4 + 3 × 9
= 8 + 27 = Rs.35
Question : 3
If the cost price of an article is 80% of its selling price, the profit per cent is :
a) 24%
b) 22$1/2$%
c) 20 %
d) 25%
Answer »Answer: (d)
Using Rule 1,
S.P. = Rs.100; C.P. = Rs.80
Gain = Rs.20
∴ Gain per cent = $20/80 ×100$ = 25%
Question : 4
By selling an article for Rs.960 a man incurs a loss of 4%; what was the cost price ?
a) Rs.498.4
b) Rs.784
c) Rs.1,000
d) Rs.300
Answer »Answer: (c)
Using Rule 3,If an object is sold on r% Profit.
then,S.P. = C.P$[{100 + \text"Profit%"}/100]$orC.P. = S.P$[100/{100 + \text"Profit%"}]$
Similarly, If an object is sold on r% loss, then
S.P. = C.P.$[{100 - \text"Loss%"}/100]$orC.P. = S.P$[100/{100 - \text"Loss%"}]$
C.P. of article = $100/{100 - \text"loss per cent"}$ × S.P.
= $100/96 × 960$ = Rs.1000
Question : 5
If books bought at prices from Rs.150 to Rs.300 are sold at prices ranging from Rs.250 to Rs.350, what is the greatest possible profit that might be made in selling 15 books ?
a) Rs.4,250
b) Rs.750
c) Cannot be determined
d) Rs.3,000
Answer »Answer: (d)
Minimum cost price
= 150 × 15 = Rs.2250
Maximum selling price
= 350 × 15 = Rs.5250
Gain = 5250 - 2250 = Rs.3000
[150 being the lowest & 350 being the highest price]
Question : 6
The cost price of a radio is Rs.600. The 5% of the cost price is charged towards transportation. After adding that, if the net profit to be made is 15%, then the selling price of the radio must be
a) Rs.664.50
b) Rs.724.50
c) Rs.704.50
d) Rs.684.50
Answer »Answer: (b)
Actual C.P. of radio
= $600 + {600 × 5}/100 = Rs.630$
Required S.P.
= ${630 × 115}/100$ = Rs.724.50
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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