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 piece of land came to a person through three middleman each gaining 20%. If the person purchased the land for Rs.3,45,600 the original cost of the land was

(a) Rs.1,00,000

(b) Rs.2,00,000

(c) Rs.1,75,800

(d) Rs.1,50,000

The correct answers to the above question in:

Answer: (b)

Let the original cost of the land be Rs.x

According to the question,

345600 = P$(1+ 20/100)^3$

345600 = P$(6/5)^3 = {216P}/125$

P = ${345600 × 125}/216$ = Rs.200000

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

Question : 1

A sells a bicycle to B at a profit of 20%. B sells it to C at a profit of 25%. If C pays Rs.225/- for it, the cost price of the bicycle for A is :

a) Rs.110

b) Rs.150

c) Rs.120

d) Rs.125

Answer: (b)

Let the cost price of the bicycle for A be Rs.x

Cost price for B = selling price for A = 1.20x

Cost price for C = selling price for B = (1.25) (1.20x) = 1.5x

But 1.5x = 225 ⇒ x = $225/1.5$ = Rs.150

The cost price of the bicycle for A = Rs.150

Using Rule 15,
If A sells an article to B at a profit (loss) of $r_1$% and B sells the same article to C at a profit (loss) of $r_2$% then the cost price of article for C will be given by
C.P of article for C
= C.P. of A × $({1 ± r_1}/100)({1 ± r_2}/100)$
(Positive and negative sign conventions are used for profit and loss.)

Here, $r_1= 20%, r_2$ = 25%

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

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

225 = C.P. for A

$(1 + 20/100)(1 + 25/100)$

C.P. for A = ${225 × 100 × 100}/{120 × 125}$ = Rs.150

Question : 2

A sells a cycle to B at a profit of 10%, B sells to C at a profit of 20%. If C pays Rs.264 for it, how much did A pay for it?

a) Rs.200

b) Rs.234

c) Rs.225

d) Rs.220

Answer: (a)

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

$x × 110/100 × 120/100 = 264$

$x = {264 × 100 × 100}/{110 × 120}$ = Rs.200

Using Rule 15,

Here, $r_1 = 10%, r_2$ = 20%

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

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

264 = C.P. for A

$(1 + 10/100)(1 + 20/100)$

C.P. for A = ${264 × 100 × 100}/{110 × 120}$ = Rs.200

Question : 3

A man purchased an article and sold it to B at a profit of 25% and B sold it to C at a loss of 10% and C paid Rs.675 for it. For how much did A purchase it (in Rs.) ?

a) 625

b) 550

c) 600

d) 575

Answer: (c)

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

${x × 125}/100 × 90/100$ = 675

$x = {675 × 100 × 100}/{125 × 90}$ = Rs.600

Using Rule 15,

Here, $r_1 = 25%, r_2$ = 10%, (Loss)

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

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

675 = C.P. for A

$(1 + 25/100)(1 + 10/100)$

C.P. for A = ${675 × 100 × 100}/{125 × 90}$ = Rs.600

Question : 4

A car worth Rs.1,50,000 was sold by X to Y at 5% profit. Y sold the car back to X at 2% loss. In the entire transaction

a) X gained Rs.4,350

b) X lost Rs.3,150

c) X gained Rs.3,150

d) Y lost Rs.4,350

Answer: (c)

SP for Mr. X = 150000 × $105/100$ = Rs.157500

CP for Mr. Y = Rs.157500

Y sells the article to X at a loss of 2%.

SP for Mr. Y = 157500 × $98/100$ = Rs.154350

CP for Mr. X = Rs.154350

Gain of Mr. X = Rs.(157500 - 154350) = Rs.3150

Question : 5

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 : 6

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

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