model 3 gain/loss % with C.P/S.P Section-Wise Topic Notes With Detailed Explanation And Example Questions
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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) He earned more than Rs. 2000
(b) He lost less than Rs. 2000
(c) He earned less than Rs. 2000
(d) He lost more than Rs. 2000
The correct answers to the above question in:
Answer: (d)
C.P. of first painting
= ${20000 × 100}/125$ = Rs.16000
C.P. of second painting
= ${20000 × 100}/75$ = Rs.26666.7
Loss = Rs.(16000 + 26666.7 - 40000)
= Rs.2666.7
Discuss Form
Read more gain loss with cp sp Based Quantitative Aptitude Questions and Answers
Question : 1
Profit after selling a commodity for 524 is the same as loss after selling it for 452. The cost price of the commodity is
a) 488
b) 500
c) 485
d) 480
Answer »Answer: (a)
Let the cost price of the commodity = Rs.x
According to the question,
524 - x = x - 452
or 2x = 524 + 452
or 2x = 976 or $x =976/2 = 488$
∴ The required price = Rs.488
Question : 2
A merchant sold an article for 75 at a profit percent equal to its cost price. The cost price of the article was :
a) 54
b) 50
c) 60
d) 45
Answer »Answer: (b)
Using Rule 3,
Let the cost price of article be Rs.x.
$({100 + x}/100)$ of x = 75
$x^2 + 100x - 7500$ = 0
$x^2 + 150x - 50x - 7500$ = 0
x (x + 150) - 50 (x + 150) = 0
(x - 50) (x + 150) = 0
x = 50 as x can't be negative
Question : 3
On selling 17 balls at 720, there is a loss equal to the cost price of 5 balls. The cost price (in ) of a ball is
a) 55
b) 50
c) 60
d) 45
Answer »Answer: (c)
Let C.P. of a ball = x
S.P. of 17 balls = Rs.720
17x - 720 = 5x
12x = 720 ⇒ x = Rs.60
Question : 4
A man sold 250 chairs and had a gain equal to selling price of 50 chairs. His profit per cent is :
a) 50%
b) 25%
c) 15%
d) 20%
Answer »Answer: (b)
S.P. of 250 chairs - C.P. of 250 chairs
= S.P. of 50 chairs
S.P. of 200 chairs = C.P. of 250 chairs
profit%= ${250 - 200}/200 × 100 = 25%$
Using Rule 9,
Here, x = 250, y = 50
∴ Profit% = ${y × 100}/{x - y}$
= ${50 × 100}/{250 - 50} = 50/2$ = 25%
Question : 5
If by selling an article for Rs. 390 a shopkeeper gains 20%, then the cost price is
a) Rs. 350
b) Rs. 325
c) Rs. 300
d) Rs. 370
Answer »Answer: (b)
Let the C.P. of article be Rs.x.
According to the question,
$x × 120/100$ = 390
$x = {390 × 100}/120$ = Rs.325
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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