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 : 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

The correct answers to the above question in:

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%

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Read more gain lost percentage Based Quantitative Aptitude Questions and Answers

Question : 1

If the cost price of 10 articles is equal to the selling price of 9 articles, the gain or loss per cent is

a) 11$1/9$% profit

b) 7$6/17$% profit

c) 1$12/13$% loss

d) 11$1/9$% loss

Answer: (a)

Required profit per cent =${10 - 9}/9 × 100$

= $1/9 × 100 = 11{1}/ 9%$

Using Rule 8,

Here, x = 10, y = 9

Profit % = $({x - y}/y) × 100$

= $({10 - 9}/9) × 100$

= $1/9 × 100 = 11{1}/9%$

Question : 2

If the cost price of 10 articles is equal to the selling price of 16 articles, then the loss per cent is

a) 30%

b) 37.5%

c) 45%

d) 42.5%

Answer: (b)

If the CP of A articles be equal to SP of B articles, then

Loss percent = ${B - A}/B × 100$

= ${16 - 10}/16 × 100 = 6/16 × 100$ = 37.5%

Using Rule 8,

Here, x = 10, y = 16

Loss % = $({y - x}/y) × 100$

= $({16 - 10}/16) × 100 = 600/16$ = 37.5%

Question : 3

If the cost price of 15 tables be equal to the selling price of 20 tables, the loss per cent is :

a) 20%

b) 30%

c) 37.5%

d) 25%

Answer: (d)

Let the cost price of one table = x

Cost price of 15 tables = 15x

and cost price of 20 tables = 20x

According to the question Selling price of 20 tables

= cost price of 15 tables = 15x

Loss = 20x - 15x = 5x

Loss% = ${5x × 100}/{20x} = 25%$

Using Rule 8,

Here, x = 15, y = 20

Loss % = ${x - y}/y × 100$

= $({15 - 20}/20) × 100$

=${-5}/20 × 100 = -25%$

(–ve sign shows loss)

= 25%

Question : 4

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: (d)

Using Rule 8,

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

= $80/400 × 100 = 20%$

Question : 5

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: (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 : 6

If the selling price of 10 articles is equal to the cost price of 11 articles, then the gain percent is

a) 10%

b) 11%

c) 25%

d) 15%

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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