model 5 marked price Section-Wise Topic Notes With Detailed Explanation And Example Questions
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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) 36%
(b) 30%
(c) 40%
(d) 27%
The correct answers to the above question in:
Answer: (b)
C.P. of the article = Rs.100 and marked price = x
$x × 90/100$ = 117
$x = {117 × 100}/90$
= 130 i.e. 30% above C.P.
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Read more marked price Based Quantitative Aptitude Questions and Answers
Question : 1
A tradesman marks his goods 30% more than the cost price. If he allows a discount of 6$1/4$% , then his gain per cent is
a) 23$3/4$%
b) 21$7/8$%
c) 30%
d) 22%
Answer »Answer: (b)
C.P. of article = Rs.100
Marked price = Rs.130
Selling price = ${130 × (100 - {25/4})}/100$
= ${130 × 375}/400$ = Rs.$975/8$ = Rs.$(121{7}/8)$
Gain = $21{7}/8%$
Question : 2
A trader marked the price of a commodity so as to include a profit of 25%, but allowed a discount of 16% on the marked price. His actual profit will be
a) 16%
b) 5%
c) 9%
d) 25%
Answer »Answer: (b)
C.P. of article = Rs.100
Marked price = Rs.125
S.P. = ${125 × 84}/100$ = Rs.105
Gain per cent = 5%
Method 2 :
Gain per cent = $(25 -16 - {25 × 16}/100)%$ = 5%
Gain % = ${x - y - xy}/100$
Question : 3
A got 30% concession on the label price of an article sold for Rs.8,750 with 25% profit on the price he bought. The label price was
a) Rs.13,000
b) Rs.12,000
c) Rs.10,000
d) Rs.16,000
Answer »Answer: (c)
Marked price = Rs.x
C.P. = ${70x}/100$ = Rs.${7x}/10$
${7x}/10 × 125/100$ = 8750
$x = {8750 × 1000}/{7 × 125}$ = Rs.10000
Question : 4
A shopkeeper offers a discount of 10% on his articles. The marked price of the article is Rs.450. The selling price should be
a) Rs.395
b) Rs.405
c) Rs.400
d) Rs.410
Answer »Answer: (b)
S.P. of article = ${450 × 90}/100$ = Rs.405
Question : 5
The profit percent of a book seller if he sells book at marked price after enjoying a commission of 25% on marked price will be :
a) 30%
b) 20%
c) 33$1/3$%
d) 25%
Answer »Answer: (c)
If the marked price be Rs.100,
then C.P. = Rs.75; S.P. = Rs.100
Gain per cent = $25/75 ×100$
= $100/3 = 33{1}/3%$
Question : 6
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 = ${2x}/{100 × x} × 100 = 2%$
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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