model 2 gain lost percentage Section-Wise Topic Notes With Detailed Explanation And Example Questions

MOST IMPORTANT quantitative aptitude - 11 EXERCISES

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

Questions : If the cost price of 12 pens is equal to the selling price of 8 pens, the gain per cent is :

(a) 33$1/3$%

(b) 66$2/3$%

(c) 50%

(d) 25%

The correct answers to the above question in:

Answer: (c)

Let the CP of each pen be Rs.1.

CP of 8 pens = Rs.8

SP of 8 pens = Rs.12

Gain % = $4/8 ×100$ = 50%

Using Rule 8,

Here, x = 12, y = 8

Profit % = $({x - y}/y) × 100$

= $({12 - 8}/8) × 100$

= $4/8 × 100$ = 50%

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Read more gain lost percentage Based Quantitative Aptitude Questions and Answers

Question : 1

A cloth merchant on selling 33 metres of cloth obtains a profit equal to the selling price of 11 metres of cloth. The profit percent is

a) 40%

b) 22%

c) 11%

d) 50%

Answer: (d)

S.P. of 33 metres of cloth

= C.P. of 33 metres of cloth +

S.P. of 11 metres of cloth

S.P. of 22 metres of cloth

= C.P. of 33 metres of cloth

Gain per cent = ${33 - 22}/22 × 100$ = 50%

Using Rule 9,

Here, x = 33, y = 11

Profit % = ${y × 100}/{x - y}$

= ${11 × 100}/{33 - 11} = {11 × 100}/22$ = 50%

Question : 2

The selling price of 12 articles is equal to the cost price of 15 articles. The gain per cent is

a) 6$2/3$%

b) 20%

c) 80%

d) 25%

Answer: (d)

Gain per cent = ${15 - 12}/12 × 100$ = 25%

Using Rule 8,

Here, x = 15, y = 12

Gain % = $({x - y}/y) × 100$

= ${15 - 12}/12 × 100 = 3/12 × 100$ = 25%

Question : 3

If the cost price of 10 articles is equal to the selling price of 8 articles, then gain per cent is

a) 10%

b) 8%

c) 25%

d) 50%

Answer: (c)

Profit percent = ${10 - 8}/8 × 100$ = 25%

Using Rule 8,

Here, x = 10, y = 8

Gain % = $({x - y}/y) × 100$

= ${10 - 8}/8 × 100 = 200/8$ = 25%

Question : 4

A man sells 320 mangoes at the cost price of 400 mangoes. His gain percent is :

a) 15%

b) 20%

c) 10%

d) 25%

Answer: (d)

Using Rule 8,

Loss per cent = ${400 - 320}/400 × 100$

= $80/400 × 100 = 20%$

Question : 5

The cost price of 18 articles is equal to the selling price of 15 articles. The gain per cent is :

a) 15%

b) 20%

c) 18%

d) 25%

Answer: (b)

Gain % = ${18 - 15}/15 × 100$

= $3/15 × 100 = 20%$

Using Rule 8,

Here, x = 18, y = 15

Gain% = $({x - y}/y) × 100$

= $({18 - 15}/15) × 100$

= $3/15 × 100$ = 20%

Question : 6

If the selling price of 4 articles is equal to the cost price of 5 articles, the profit percent is

a) 20%

b) 22$1/2$%

c) 30%

d) 25%

Answer: (d)

If the CP of each article be Rs.1 then

CP of 4 articles = Rs.4

SP of 4 articles = Rs.5

Profit percent = ${5 - 4}/4 × 100 = 25%$

Using Rule 8,

Here, x = 5, y = 4

Profit % = $({x - y}/y) × 100$

= $({5 - 4}/4) × 100 = 100/4$ = 25%

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