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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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) 20 %
(b) 18%
(c) 8 %
(d) 10 %
The correct answers to the above question in:
Answer: (a)
Using Rule 1,
If S.P > C.P. then there will be profit
Profit = S.P. - C.P.
Profit% = ${\text"Profit" × 100}/{\text"C.P."}$
Let the original selling price of radio = Rs.100
C.P. of radio = Rs.90
New selling price = Rs.108
Gain per cent = $18/90 × 100$ = 20%
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Read more gain lost percentage Based Quantitative Aptitude Questions and Answers
Question : 1
The selling price of 10 oranges is the cost price of 13 oranges. Then the profit percentage is
a) 30%
b) 10%
c) 3%
d) 13%
Answer »Answer: (a)
Let the CP of 1 orange = Rs.1
SP of 10 oranges = Rs.13
Gain percent = ${13 - 10}/10 × 100$ = 30%
Using Rule 8,
Here, x = 13, y = 10
Profit % = $({x - y}/y) × 100$
= $({13 - 10}/10) × 100 = 300/10$ = 30%
Question : 2
The cost price of a book is Rs.150. At what price should it be sold to gain 20% ?
a) Rs.120
b) Rs.180
c) Rs.80
d) Rs.100
Answer »Answer: (b)
S.P. of book = ${150 × 120}/100$ = Rs.180
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$[100/{100 - \text"Loss%"}]$
S.P. = C.P.$({100 + \text"Profit%"}/100)$
= ${150 × (100 + 20)}/100$
= ${150 × 120}/100$ = Rs.180
Question : 3
The cost price of 8 articles is equal to the selling price of 9 articles. The profit or loss per cent in the transaction is
a) 12$1/2$% loss
b) 12$1/2$% profit
c) 11$1/9$% profit
d) 11$1/9$% loss
Answer »Answer: (d)
Let the CP of each article be Rs.1
CP of 9 articles = Rs.9
SP of 9 articles = Rs.8
Loss = Rs.1; Loss % = $1/9$ × 100
Loss % = $100/9 = 11{1}/9%$
Using Rule 8,
Here, x = 8, y = 9
Loss % = $({y - x}/y) × 100$
= $({9 - 8}/9) × 100 = 100/9 = 11{1}/9%$
Question : 4
If the cost price of 12 oranges is equal to selling price of 10 oranges, then the percentage of profit is
a) 16$2/3$%
b) 20%
c) 25%
d) 18%
Answer »Answer: (b)
Let C.P. of each orange be Rs.1
Then, C.P. of 10 oranges = Rs.10
S.P. of 10 oranges = Rs.12
Gain % = $(2/10 × 100)$% = 20%
Using Rule 8,
Here, x = 12, y = 10
Profit % = $({x - y}/y) × 100$
= $({12 - 10}/10) × 100$ = 20%
Question : 5
If the cost price of 10 articles is equal to the selling price of 7 articles, then the gain or loss per cent is :
a) 51% gain
b) 42$6/7$% gain
c) 42$6/7$% loss
d) 35 % loss
Answer »Answer: (b)
Let C.P. of each article be Rs. 1
Then, C.P. of 7 articles = Rs. 7
S.P. of 7 articles = Rs. 10
Gain % = ${10 - 7}/7 × 100 = 300/7 = 42{6}/7%$
Using Rule 8,
Here, x = 10, y = 7
Profit % = $({x - y}/y) × 100$
= $({10 - 7}/7) × 100 = 300/7 = 42{6}/7%$
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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