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) 10%
(b) 11%
(c) 25%
(d) 15%
The correct answers to the above question in:
Answer: (a)
Let the C.P. of each article be Rs.1.
C.P. of 10 articles = Rs.10
and S.P. of 10 articles = Rs.11
Profit percent = ${11 - 10}/10 × 100$ = 10%
Using Rule 8,
Here, x = 11, y = 10
Profit % = $({x - y}/y) × 100$
= ${11 - 10}/10 × 100 = 100/10$ = 10%
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Read more gain lost percentage Based Quantitative Aptitude Questions and Answers
Question : 1
The selling price of 5 articles is the same as the cost price of 3 articles. The gain or loss percent is :
a) 20% gain
b) 25% gain
c) 40% loss
d) 33.33% loss
Answer »Answer: (c)
Let C.P. be Rs.1
C.P. of 3 articles = Rs.3 = S.P. of P. of 5 articles.
Loss% = $({5 - 3})/5 × 100$ = 2 × 20 = 40%
Using Rule 8,
Here, x = 3, y = 5
Loss % = $({x - y}/y) × 100$
$({3 - 5}/5) × 100$ = - 40%
(–ve sign shows loss)
= 40 %
Question : 2
A person sells 400 mangoes at the cost price of 320 mangoes. His percentage of loss is
a) 10%
b) 15%
c) 25%
d) 20%
Answer »Answer: (d)
Using Rule 8,
Loss per cent = ${400 - 320}/400 × 100$
= $80/400 × 100 = 20%$
Question : 3
A coconut merchant finds that the cost price of 2750 coconuts is the same as the selling price of 2500 coconuts. The loss or gain per cent is
a) 5% loss
b) 15% loss
c) 10% gain
d) 20% gain
Answer »Answer: (c)
Let CP of each coconut be Rs.1.
CP of 2500 coconuts = Rs.2500
SP of 2500 coconuts = Rs.2750
Gain % = ${2750 - 2500}/2500 × 100$ = 10%
Using Rule 8,
Here, x = 2750, y = 2500
Gain % = $({x - y}/y) × 100$
= $({2750 - 2500}/2500) × 100$
= $250/2500 × 100$ = 10%
Question : 4
The cost price of 24 apples is the same as the selling price of 18 apples. The percentage of gain is :
a) 12$1/2$%
b) 14$2/3$%
c) 33$1/3$%
d) 16$2/3$%
Answer »Answer: (c)
Let the CP of 1 apple = Rs.1
CP of 18 apples = Rs.18
SP of 18 apples = Rs.24
Gain percent = $6/18 × 100 = 100/3 = 33{1}/3%$
Using Rule 8,
Here, x = 24, y = 18
Gain % = $({x - y}/y) × 100$
= ${24 - 18}/18 × 100 = 6/18 × 100 = 33{1}/3%$
Question : 5
The cost price of 36 books is equal to the selling price of 30 books. The gain per cent is :
a) 20%
b) 16$4/6$%
c) 82$2/6$%
d) 18%
Answer »Answer: (a)
If cost price of 'x' articles is equal to selling price of 'y' articles,then Selling Price = x, Cost Price = yHence, Profit or Loss% = ${x - y}/y × 100$
Required profit = ${36 - 30}/30 × 100$ = 20%
Question : 6
If the cost price of 18 articles is equal to the selling price of 16 articles, the gain or loss is
a) 25% gain
b) 25% loss
c) 12$1/2$% gain
d) 12$1/2$% loss
Answer »Answer: (c)
Percentage profit = ${18 - 16}/16 × 100$
= $25/2 = 12{1}/2$%
Using Rule 8,
Here, x = 18, y = 16
Gain % = $({x - y}/y) × 100$
= ${18 - 16}/16 × 100$
= $2/16 × 100 = 25/2 = 12{1}/2$%
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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