model 5 marked price Section-Wise Topic Notes With Detailed Explanation And Example Questions
MOST IMPORTANT quantitative aptitude - 11 EXERCISES
-
New 199+ Profit & Loss Aptitude MCQs with Basic C.P & S.P »
-
Top 250+ Profit & Loss Problems with Gain Lost Percentage »
-
249+ Profit & Loss Aptitude MCQs Gain Lost % with C.P S.P »
-
189+ Profit Loss Aptitude Sold Bought Practice MCQ Test »
-
Top 179+ Profit & Loss Aptitude Practice Test for Bank Exam »
-
New 189+ Profit and Loss Aptitude MCQs for All Govt Exams »
-
189+ Profit and Loss Questions for All Competitive Exams »
-
New 199+ Profit and Loss MCQ Test with Shortcuts, Tricks »
-
Top 199+ Profit and Loss Aptitude Practice Test For UPSC »
-
New 249+ Profit and Loss Questions and Answers for TNPSC »
-
New 249+ Profit and Loss Questions and Answers for TNPSC »
The following question based on profit & loss topic of quantitative aptitude
(a) no loss, no gain
(b) a gain of 1%
(c) a loss of 1%
(d) a loss of 5%
The correct answers to the above question in:
Answer: (c)
Let the CP of article be 100.
Marked price = Rs.110
After 10% discount,
SP = 90% of Rs.110 = Rs.99
Loss = Rs.1 i.e. 1% of loss
Discuss Form
Read more marked price Based Quantitative Aptitude Questions and Answers
Question : 1
The marked price of an article is 50% above cost price. When marked price is increased by 20% and selling price is increased by 20%, the profit doubles. If original marked price is Rs.300, then original selling price is
a) Rs.200
b) Rs.240
c) Rs.275
d) Rs.250
Answer »Answer: (d)
Let the original S.P. be x. C.P. of the article
= ${300 × 100}/150$ = Rs.200
After corresponding increases
${x × 120}/100 - 200 = 2(x - 200)$
${6x}/5 - 200 = 2x - 400$
6x - 1000 = 10x - 2000
4x = 1000 ⇒ x = Rs.250
Question : 2
The cost of manufacture of a tape recorder is Rs.1,500. The manufacturer fixes the marked price 20% above the cost of manufacture and allows a discount in such a way as to get a profit of 8%. The rate of discount is
a) 12%
b) 20%
c) 10%
d) 8%
Answer »Answer: (c)
Marked price of tape recorder
= ${1500 × 120}/100$ = Rs.1800
Gain = ${1500 × 8}/100$ = Rs.120
Discount = 1800 - (1500 + 120) = Rs.180
Let Discount per cent = x%, then
${1800 × x}/100$ = 180 ⇒ x = 10%
Method 2 :
If the discount be x%, then
$20 - x - {20x}/100$ = 8
$20 - {6x}/5 = 8$
${6x}/5$ = 20 - 8 = 12
$ x = {12 × 5}/6$ = 10%
Question : 3
How much percent above the cost price should a shopkeeper mark his goods so as to earn a profit of 32% after allowing a discount of 12% on the marked price ?
a) 50%
b) 60%
c) 45%
d) 40%
Answer »Answer: (a)
Let the C.P. be Rs.100 and the marked price be Rs.x.
$x × 88/100$ = 132
$x = {132 × 100}/88$
= 150 i.e., more by 50%
Question : 4
At what per cent above the cost price, must a shop–keeper marks his goods so that he gains 20% even after giving a discount of 10% on the marked price ?
a) 25%
b) 33$1/3$%
c) 37$1/2$%
d) 30%
Answer »Answer: (b)
Let the CP be Rs.100. Then, SP = Rs.120.
Let the marked price be x.
Then, 90% of x = 120
$x = {120 × 100}/90 = 400/3 = 133{1}/3%$
It means he should mark $33{1}/3%$ higher than CP.
Question : 5
A shopkeeper allows 23% commission on his advertised price and still makes a profit of 10%. If he gains Rs.56 on one item, his advertised price of the item, (in Rs.) is
a) 820
b) 790
c) 800
d) 780
Answer »Answer: (c)
Let the advertised price be x.
S.P. = ${77x}/100$
C.P. = $({77x}/100 - 56)$
${77x - 5600}/100 × 110/100 = {77x}/100$
${77x - 5600}/100 = {77x}/110 = {7x}/10$
77x - 5600 = 70x
7x = 5600 ⇒ x = Rs.800
Question : 6
The cost price of an article is Rs.800. After allowing a discount of 10%, a gain of 12.5% was made. Then the marked price of the article is
a) Rs.1,000
b) Rs.1,200
c) Rs.1,300
d) Rs.1,100
Answer »Answer: (a)
Let the marked price of the article be Rs.x.
${90x}/100 = {800 × 112.5}/100$
${9x}/10 = 900$
$x = {900 × 10}/9$ = Rs.1000
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
-
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 …
Verbal Reasoning
Question & Answer Quiz
Non Verbal Reasoning
Question & Answer Quiz
Quantitative Aptitude
Question & Answer Quiz
Computer MCQ
Question & Answer Quiz
General English
Question & Answer Quiz
History GK
Question & Answer Quiz
Polity GK
Question & Answer Quiz
Geography GK
Question & Answer Quiz
Economy GK
Question & Answer Quiz
General Awareness GK
Question & Answer Quiz
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
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
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
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
Continue Reading »