model 5 marked price Section-Wise Topic Notes With Detailed Explanation And Example Questions
MOST IMPORTANT quantitative aptitude - 11 EXERCISES
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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 »
The following question based on profit & loss topic of quantitative aptitude
(a) 50%
(b) 30%
(c) 25%
(d) 40%
The correct answers to the above question in:
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%
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Read more marked price Based Quantitative Aptitude Questions and Answers
Question : 1
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 : 2
A shopkeeper sold sarees at Rs.266 each after giving 5% discount on labelled price. Had he not given the discount, he would have earned a profit of 12% on the cost price. What was the cost price of each saree?
a) Rs.280
b) Rs.240
c) Rs.250
d) Rs.260
Answer »Answer: (c)
Let C.P. of each sari = Rs.x
Marked price = $({112x}/100)$
$95/100 × {112x}/100$ = 266
$x = {266 × 100 × 100}/{95 × 112}$ = Rs.250
Question : 3
Arvind purchased a wrist watch with 30% discount on the labelled price. He sold it with 40% profit on the price he bought. What was his percent loss on the labelled price?
a) 2%
b) 4%
c) 8%
d) 6%
Answer »Answer: (a)
Let Marked price = Rs.x
C.P. = ${7x}/10$
S.P. = ${7x}/10 × 140/100 = {98x}/100$
Loss = $x - {98x}/100 = {2x}/100$
Loss per cent = ${2x}/{100 × x} × 100 = 2%$
Question : 4
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 : 5
A dealer purchased a washing machine for Rs.7,660. After allowing a discount of 12% on its marked price, he still gains 10%. Find the marked price of the washing machine.
a) Rs.9,575
b) Rs.8,246
c) Rs.9,755
d) Rs.8,426
Answer »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
Question : 6
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%
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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