model 9 selling an article & interchanging its values Section-Wise Topic Notes With Detailed Explanation And Example Questions

MOST IMPORTANT quantitative aptitude - 11 EXERCISES

Top 10,000+ Aptitude Memory Based Exercises

The following question based on profit & loss topic of quantitative aptitude

Questions : 12 copies of a book were sold for Rs. 1800 thereby gaining cost price of 3 copies. The cost price of a copy of the book is :

(a) Rs. 120

(b) Rs. 1200

(c) Rs. 1500

(d) Rs. 150

The correct answers to the above question in:

Answer: (a)

Let the C.P. of each book be Rs.x.

According to the question,

S.P. of 12 copies = Rs.(12x + 3x) = Rs.15x

15x = 1800

$x = 1800/15$ = Rs.120

Practice profit & loss (model 9 selling an article & interchanging its values) Online Quiz

Discuss Form

Valid first name is required.
Please enter a valid email address.
Your genuine comment will be useful for all users! Each and every comment will be uploaded to the question after approval.

Read more selling article changing values Based Quantitative Aptitude Questions and Answers

Question : 1

A loss of 20% is incurred when 6 articles are sold for a rupee. To gain 20% how many articles should be sold for a rupee ?

a) 1

b) 3

c) 4

d) 2

Answer: (c)

100% = 6

C.P. = 80% = $6/100 × 80 = 24/5$

Now, 120% = $24/5$

100% = ${24 × 100}/{5 × 120}$ = 4

Question : 2

By selling an article for Rs.240, a man incurs a loss of 10%. At what price should he sell it, so that he makes a profit of 20% ?

a) Rs.264

b) Rs.300

c) Rs.320

d) Rs.288

Answer: (c)

90% of C.P. = Rs.240

C.P = Rs.${240 × 100}/90$

New S.P. = 120% of C.P.

= Rs.$240 × 100/90 × 120/100$ = Rs.320

Question : 3

The selling price of an article is $8/5$th of its cost price. Then the gain percentage is

a) 20%

b) 60%

c) 68%

d) 28%

Answer: (b)

C.P. of article = Rs.x

Its S.P. = Rs.${8x}/5$

Profit = ${8x}/5 - x$

= ${8x - 5x}/5$ = Rs.${3x}/5$

Profit per cent = ${{3x}/5}/x × 100$

= $3/5$ × 100 = 60%

Question : 4

By selling an article for Rs.665, there is a loss of 5%. In order to make a profit of 12%, the selling price of the article must be

a) Rs.812

b) Rs.790

c) Rs.784

d) Rs.800

Answer: (c)

Using Rule 3,

CP of the article $100/{100 - loss%}$ × S.P.

= Rs.$(100/95 × 665)$ = Rs.700

For the gain of 12%

SP of the article = 112% of 700

= ${700 × 112}/100$ = Rs.784

Question : 5

By selling 80 ball pens for Rs.140 a retailer loses 30%. How many ball pens should he sell for Rs.104 so as to make a profit of 30%?

a) 32

b) 48

c) 42

d) 52

Answer: (a)

Using Rule 3,

C.P. of 80 ball pens = $140 × 100/70$ = Rs.200

For a gain of 30%

S.P. = ${200 × 130}/100$ = Rs.260

Since, Rs.260 = 80 ball pens

Rs.104 = $80/260 × 104$ = 32

Question : 6

An article was sold at a profit of 12%. If the cost price would be 10% less and selling price would be Rs.5.75 more, there would be profit of 30%. Then at what price it should be sold to make a profit of 20% ?

a) Rs.115

b) Rs.138

c) Rs.215

d) Rs.120

Answer: (b)

C.P. of article = Rs.x

S.P. = ${112x}/100$

New C.P. = ${9x}/10$

S.P. = ${9x}/10 × 130/100 = {117x}/100$

${117x}/100 - {112x}/100$ = 5.75

${5x}/100$ = 5.75

$x = {5.75 × 100}/5$ = Rs.115

Required S.P. = ${115 × 120}/100$ = Rs.138

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

03-Jul-2024 by Careericons

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

03-Jul-2024 by Careericons

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

02-Jul-2024 by Careericons

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

02-Jul-2024 by Careericons

Continue Reading »