model 10 reduced/increased price of an article 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 : If a man reduces the selling price of a fan from Rs.1,250 to Rs.1,000, his loss increases by 20%. The cost price of the fan is

(a) Rs.2,500

(b) Rs.2,350

(c) Rs.2,400

(d) Rs.2,450

The correct answers to the above question in:

Answer: (a)

Let the cost price of fan be Rs. x,

According to the question,

10% of x = 1250 – 1000

${x × 10}/100$ = 250

$x = {250 × 100}/10$ = Rs.2500

Note : Here, increase in loss should be 10%.

Practice profit & loss (model 10 reduced/increased price of an article) Online Quiz

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Read more reduce increase article price Based Quantitative Aptitude Questions and Answers

Question : 1

An increase of 20% in the price of mangoes enables a person to purchase 4 mangoes less for Rs.40. The price of 15 mangoes before increase was

a) Rs.20

b) Rs.25

c) Rs.10

d) Rs.15

Answer: (b)

Let the original price of 1 mango be x.

New rate = 120% of x = ${6x}/5$

Number of mangoes bought in Rs.40 = $40/x$

New quantity = ${40 × 5}/{6x} = 100/{3x}$

$40/x – 100/{3x} = 4$

${120 – 100}/{3x} = 4 ⇒ 20/{3x} = 4$

3x = 5 ⇒ $x$ = Rs.$5/3$

Price of 15 mangoes before increase = $5/3 × 15$ = Rs.25

Question : 2

A tradesman marks his goods at 25 p.c. above the cost price. If he reduces the marked price by 12$1/2$ p.c., then his profit will be

a) 6$3/8$ p.c.

b) 5$1/3$ p.c.

c) 9$3/8$ p.c.

d) 7$3/5$ p.c.

Answer: (c)

Required profit percent = $(x + y + {xy}/100)%$

by Here, x = 25%, y = - $25/2%$

= $(25 – 25/2 – {25 × 25}/200)% = (25/2 – 25/8)%$

= $({100 – 25}/8)% = 75/8 % = 9{3}/8%$

Question : 3

If the price of eraser is reduced by 25% a person can buy 2 more erasers for a rupee. How many erasers are available for a rupee ?

a) 4

b) 2

c) 8

d) 6

Answer: (c)

Cost of 2 erasers = 25% of 1

= $25/100$ × 1= Rs.$1/4$

Cost of one eraser = Rs.$1/8$

8 erasers will be available for Rs.1

Question : 4

A manufacturer fixes his selling price at 33% over the cost of production. If cost of production goes up by 12% and manufacturer raises his selling price by 10%, his percentage profit is

a) 36$5/9%$

b) 35%

c) 28$3/8$%

d) 30$5/8%$

Answer: (d)

Cost of production of article = Rs.100 (let)

S.P. = Rs.133

New cost of production = Rs.112

S.P. = ${133 × 110}/100$ = Rs.146.30

Profit per cent = $({146.3 – 112}/112) × 100$

= ${34.3 × 100}/112 = 3430/112$

= $245/8 = 30{5}/8%$

Question : 5

If the cost of pins reduces by Rs.4 per dozen, 12 more pins can be purchased for Rs.48. The cost of pins per dozen after reduction is:

a) Rs.16

b) Rs.20

c) Rs.8

d) Rs.12

Answer: (d)

Let the original price = x per dozen

New price = (x – 4) per dozen

Original number of pins = $48/x$ dozens

New number of pins = $48/{x – 4}$ dozens

According to the question,

$48/{x -4} – 48/x = 1$

⇒ $48({x – x + 4}/{x(x - 4)})$= 1

⇒ x (x – 4) = 48 × 4

⇒ $x^2 – 4x – 192 = 0$

⇒ $x^2 – 16x + 12x – 192$ = 0

⇒ x (x – 16) + 12 (x – 16) = 0

⇒ (x – 16) (x + 12) = 0

⇒ x = 16, because the price of pins can not be negative.

x ≠–12

New price = 16 – 4 = Rs.12 per dozen

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