model 3 gain/loss % with C.P/S.P Section-Wise Topic Notes With Detailed Explanation And Example Questions

MOST IMPORTANT quantitative aptitude - 11 EXERCISES

Top 10,000+ Aptitude Memory Based Exercises

The following question based on profit & loss topic of quantitative aptitude

Questions : If the cost price of 28 articles is equal to the sale price of 21 articles, then the percentage of profit is :

(a) 20%

(b) 33$1/3$%

(c) 22%

(d) 12%

The correct answers to the above question in:

Answer: (b)

Let the C.P. of each article be Re. 1.

C.P. of 21 articles = Rs. 21

S.P. of 21 articles = Rs. 28

∴ Profit per cent = ${28 - 21}/21 × 100$

= $100/3 = 33{1}/3%$

Practice profit & loss (model 3 gain/loss % with C.P/S.P) Online Quiz

Discuss Form

Valid first name is required.
Please enter a valid email address.
Your genuine comment will be useful for all users! Each and every comment will be uploaded to the question after approval.

Read more gain loss with cp sp Based Quantitative Aptitude Questions and Answers

Question : 1

If the profit on selling an article for 425 is the same as the loss on selling it for 355, then the cost price of the article is

a) 390

b) 380

c) 400

d) 370

Answer: (a)

Let the C.P. of article be x,

then, 425 - x = x - 355

2x = 425 + 355 = 780

x = $780/2$ = Rs.390

Question : 2

If the profit per cent got on selling an article is numerically equal to its cost price in rupees and the selling price is 39, then cost price (in ) will be

a) 28

b) 22

c) 30

d) 20

Answer: (c)

Using Rule 3,
If an object is sold on r% Profit.

then,S.P. = C.P$[{100 + \text"Profit%"}/100]$
or
C.P. = S.P$[100/{100 + \text"Profit%"}]$

Similarly, If an object is sold on r% loss, then

S.P. = C.P.$[{100 - \text"Loss%"}/100]$
or
C.P. = S.P$[100/{100 - \text"Loss%"}]$

Let the CP of the article be x Gain % = x%

${39 - x}/x × 100$

$3900 - 100x = x^2$

$x^2 + 100x - 3900$ = 0

$x^2 + 130x - 30x - 3900$ = 0

x (x + 130) - 30 (x + 130) = 0

(x - 30) (x + 130) = 0

x = 30 as x cannot be negative

Question : 3

Loss of 20% on selling price is equal to x% loss on cost price. What is the value of x ?

a) 16$2/3$

b) 20

c) 16

d) 20

Answer: (a)

$20/100 = 1/5 = \text"C.P.- S.P."/\text"S.P."$

$5x_1 - 5y = y$

Where C.P. = Rs.$x_1$; S.P. = Rs.y

$5x_1$ = 6y ⇒ y = Rs.$5/6x_1$

$x = {x_1 - {5/6}x_1}/{x_1} × 100$

= $x_1/{6x_1} × 100 = 50/3 = 16{2}/3%$

Question : 4

A vendor loses the selling price of 4 oranges on selling 36 oranges. His loss per cent is

a) 10%

b) 9%

c) 11$1/2$%

d) 12$1/2$%

Answer: (a)

S.P. of 36 oranges

= C.P. of 36 oranges - S.P. of 4 oranges

S.P. of 40 oranges = C.P. of 36 oranges

Loss per cent = $4/40 × 100 = 10%$

Using Rule 9,

Here, x = 36, y = 4

Here, loss % = ${y × 100}/{x + y}$

= ${4 × 100}/{36 + 4}$ = 10%

Question : 5

By selling 144 hens Mahesh suffered a loss equal to the selling price of 6 hens. His loss per cent is

a) 9%

b) 3%

c) 4$1/2$%

d) 4%

Answer: (d)

CP of 144 hens - SP of 144 hens = Loss = SP of 6 hens

SP of 150 hens = CP of 144 hens

Let CP of each hen = Rs.1

CP of 150 hens = Rs.150

SP of 150 hens = Rs.144

Loss% = $6/150$ × 100 = 4%

Using Rule 9, On selling 'x' articles the profit or loss is equal to Selling of 'y' articles, then Profit% ${y × 100}/{x + y}$Loss% = ${y × 100}/{x + y}$

Here, x = 144, y = 6

∴ Loss% = ${y × 100}/{x + y}$

= $600/{144 + 6}$

= $600/150$ = 4%

Question : 6

The loss incurred on selling 21 articles equals the selling price of 3 articles. Then the loss per cent is

a) 12$1/2$%

b) 10%

c) 11$1/9$%

d) 9$1/11$%

Answer: (a)

S.P. of 3 articles

= C.P. of 21 articles - S.P. of 21 articles

S.P. of 24 articles = C.P. of 21 articles

Loss percent = ${24 - 21}/24 × 100 = 12{1}/2%$

Using Rule 9,

Here, x = 21, y = 3

∴ Loss% = ${y × 100}/{x + y}$

= ${3 × 100}/{21 + 3} = 100/8$

= $25/2 = 12{1}/2%$

Recently Added Subject & Categories For All Competitive Exams

100+ Quadratic Equation Questions Answers PDF for Bank

Quadratic Equation multiple choice questions with detailed answers for IBPS RRB SO. more than 250 Attitude practice test exercises for all competitive exams

03-Jul-2024 by Careericons

Continue Reading »

IBPS Aptitude Linear Equations MCQ Questions Answers PDF

Linear equations multiple choice questions with detailed answers for IBPS RRB SO. more than 250 Attitude practice test exercises for all competitive exams

03-Jul-2024 by Careericons

Continue Reading »

New 100+ Compound Interest MCQ with Answers PDF for IBPS

Compound Interest verbal ability questions and answers solutions with PDF for IBPS RRB PO. Aptitude Objective MCQ Practice Exercises all competitive exams

02-Jul-2024 by Careericons

Continue Reading »

100+ Mixture and Alligation MCQ Questions PDF for IBPS

Most importantly Mixture and Alligation multiple choice questions and answers with PDF for IBPS RRB PO. Aptitude MCQ Practice Exercises all Bank Exams

02-Jul-2024 by Careericons

Continue Reading »