model 5 marked price Section-Wise Topic Notes With Detailed Explanation And Example Questions
MOST IMPORTANT quantitative aptitude - 11 EXERCISES
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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) Rs.9,575
(b) Rs.8,246
(c) Rs.9,755
(d) Rs.8,426
The correct answers to the above question in:
Answer: (a)
If the marked price of the washing machine be Rs.x, then
${x × 88}/100 = {7660 × 110}/100$
$x = {7660 × 110}/88$ = Rs.9575
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Read more marked price Based Quantitative Aptitude Questions and Answers
Question : 1
A publisher printed 2000 copies of a book at a cost of Rs.70,000. He distributes 400 copies free as specimen copies. He gave 30% discount on printed price and the printed price of each book is Rs.75. What is his gain or loss percentage ?
a) 20% gain
b) 10% loss
c) 10% gain
d) 20% loss
Answer »Answer: (a)
S.P. of each book = ${75 × 70}/100$ = Rs.52.50
Total S.P. = 1600 × 52.50 = Rs.84000
Gain = 84000 - 70000 = Rs.14000
Gain% = $14000/70000 × 100$ = 20%
Question : 2
Richa purchased an article at $4/5$ of its list price and sold it at 20% more than the list price. Richa’s profit percent was
a) 50%
b) 30%
c) 25%
d) 40%
Answer »Answer: (a)
Let list price of article = Rs.100
CP for Richa = 100 × $4/5$ = Rs.80
S.P. for Richa = Rs.120
Gain = 120 - 80 = Rs.40
Gain per cent = $40/80 × 100$ = 50%
Question : 3
To gain 8% after allowing a discount of 10%, by what per cent cost price should be hiked in the list price ?
a) 9%
b) 18%
c) 20%
d) 11%
Answer »Answer: (c)
Let the cost price be 100 and marked price be Rs.x.
Then, ${x × 90}/100 = 108$
${9x}/10 = 108$ ⇒ x = ${108 × 10}/9$ = 120
Required percentage = 20%
Question : 4
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 : 5
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 : 6
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
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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