model 6 sold in circular path 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 : A saleable article passes successively in the hands of three traders. Each trader sold it further at a gain of 25% of the cost price. If the last trader sold it for Rs.250 then what was the cost price for the first trader ?

(a) Rs.128

(b) Rs.200

(c) Rs.192

(d) Rs.150

The correct answers to the above question in:

Answer: (a)

Let the actual C.P. be Rs.x

$x × 125/100 × 125/100 × 125/100 = 250$

x = Rs.128

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Read more sold at circular path Based Quantitative Aptitude Questions and Answers

Question : 1

A sells an article to B at a gain of 10%, B sells it to C at a gain of 5%. If C pays Rs.462 for it, what did it cost to A ?

a) Rs.500

b) Rs.400

c) Rs.600

d) Rs.450

Answer: (b)

Let the C.P. for A be Rs.x, then

$x × 110/100 × 105/100 = 462$

$x = {462 × 100 × 100}/{110 × 105}$ = Rs.400

Using Rule 15,

Here, $r_1 = 10%, r_2$ = 5%

C.P. for C = C.P. for A

$(1 + r_1/100)(1 + r_2/100)$

462 = C.P. for A

$(1 + 10/100)(1 + 5/100)$

C.P. for A = ${462 × 100 × 100}/{110 × 105}$ = Rs.400

Question : 2

A sells an article to B at a gain of 20% and B sells it to C at a gain of 10% and C sells it to D at a gain of 12$1/2$%. If D pays Rs.29.70, A purchased the article for

a) Rs.40

b) Rs.30

c) Rs.20

d) Rs.10

Answer: (c)

Using Rule 15,

Let C.P. for A be Rs.x

$x × 120/100 × 110/100 × 225/200$ = 29.70

$x = {29.70 × 100 × 100 × 200}/{120 × 110 × 225}$ = Rs.20

Question : 3

A sells a suitcase to B at 10% profit. B sells it to C at 30% profit. If C pays Rs.2,860 for it, then the price at which A bought it is

a) Rs.1,000

b) Rs.2,500

c) Rs.2,000

d) Rs.1,600

Answer: (c)

Using Rule 15,

Let the C.P. of the suitcase for A be Rs.x, then

$x × 110/100 × 130/100$ = 2860

$x = {2860 × 100 × 100}/{110 × 130}$ = Rs.2000

Question : 4

A sells an article to B making a profit of 1 5 of his outlay. B sells it to C, gaining 20%. If C sells it for Rs.600 and incurs a loss of 1 6 of his outlay, the cost price of article for A is

a) Rs.600

b) Rs.800

c) Rs.720

d) Rs.500

Answer: (d)

If the C.P. for A be Rs.x, then

$x × (1 +1/5) × 120/100 × (1 - 1/6)$ = 600

$x × 6/5 × 6/5 × 5/6 = 600$

$x = {600 × 5}/6$ = Rs.500

Question : 5

A sold a tape-recorder to B for Rs.4,860 at a loss of 19%. Again B sold it to C at a price that would give A a profit of 17%. The gain% of B is

a) 22$2/9$%

b) 66$2/3$%

c) 44$4/9$%

d) 33$1/3$%

Answer: (c)

C.P. of tape recorder for A

= ${4860 × 100}/{(100 - 19)} = {4860 × 100}/81$ = Rs.6000

S.P. for B = ${6000 × 117}/100$ = Rs.7020

B’s gain = 7020 - 4860 = Rs.2160

∴ Required profit percent = $2160/4860 × 100 = 44{4}/9%$

Question : 6

A manufacturer sells an article to a wholesale dealer at a profit of 10%. The wholesale dealer sells it to a shopkeeper at 20% profit. The shopkeeper sells it to a customer for Rs.56,100 at a loss of 15%. Then the cost price of the article to the manufacturer is

a) Rs.25,000

b) Rs.55,000

c) Rs.50,000

d) Rs.10,000

Answer: (c)

Let the required cost price be Rs.x, then

$x × 110/100 × 120/100 × 85/100$ = 56100

$x × 11/10 × 6/5 × 17/20 = 56100$

$x = {56100 × 10 × 5 × 20}/{11 × 6 × 17}$ = Rs.50000

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