model 7 sold at loss 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 : A merchant has 1000 kg sugar, part of which sells at 8% profit and the rest at 18% profit. He gain 14% on the whole. The quantity sold at 8% profit is :

(a) 560 kg.

(b) 400 kg.

(c) 600 kg.

(d) 640 kg.

The correct answers to the above question in:

Answer: (b)

Let the quantity of sugar at 8% profit be x kg.

Quantity of sugar sold at 18% = (100 - x) kg

According to the question,

$x × 108/100 + (1000 - x) × 118/100$

= ${1000 × 114}/100$

108x + 118000 - 118x = 114000

10x = 118000 - 114000

10x = 4000 ⇒ x = 400 kg

Read more questions on profit and loss of sold at loss Click Here »

Practice profit & loss (model 7 sold at loss) 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 sold at loss Based Quantitative Aptitude Questions and Answers

Question : 1

A book vendor sold a book at a loss of 20%. Had he sold it for Rs.108 more, he would have earned a profit of 30%. Find the cost price of the book ?

a) Rs.216

b) Rs.432

c) Rs.648

d) Rs.240

Answer: (a)

If the cost price of the book be Rs.x, then

${x × 80}/100 + 108 = {x × 130}/100$

${5x}/10 = 108 ⇒ x = Rs.216$

Using Rule 11

Here, x = 20%, R= Rs.108, y=30%

C.P. = ${R × 100}/{y + x}$

= ${108 × 100}/{30 + 20}$

= $10800/50$ = Rs.216

Question : 2

The profit earned by a shopkeeper by selling a bucket at a gain of 8% is Rs.28 more than when he sells it at a loss of 8%. The cost price (in Rupees) of the bucket is

a) 170

b) 165

c) 190

d) 175

Answer: (d)

Let the C.P. of bucket be Rs.x.

According to the question,

${108x}/100 - {92x}/100$ = 28

${16x}/100$ = 28

$x = {28 × 100}/16$ = Rs.175

Question : 3

A book seller sells a book at a profit of 10%. If he had bought it at 4% less and sold it for Rs.6 more, he would have gained 18$3/4%$. The cost price of the book is

a) Rs.130

b) Rs.160

c) Rs.140

d) Rs.150

Answer: (d)

Let the CP of the book be Rs.x.

Initial SP = $110/100 × x = 1.1 x$

New CP = 0.96 x

New SP = $(100 + 75/4)%$ of 0.96x

=$475/400 × 0.96x = 1.14 x$

Therefore, 1.14 x –1.1x = 6

0.04 x = 6

$x = 6/{0.04} = 600/4 = 150$

CP = Rs.150

Need More Mcqs on profit & loss of model 7 sold at loss Click Here »
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
Verbal Reasoning
Question & Answer Quiz
Non Verbal Reasoning
Question & Answer Quiz
Quantitative Aptitude
Question & Answer Quiz
Computer MCQ
Question & Answer Quiz
General English
Question & Answer Quiz
History GK
Question & Answer Quiz
Polity GK
Question & Answer Quiz
Geography GK
Question & Answer Quiz
Economy GK
Question & Answer Quiz
General Awareness GK
Question & Answer Quiz

Recently Added Subject & Categories For All Competitive Exams

New Cloze Test Questions and Answers PDF - IBPS Clerk 2024

The most important Cloze Test questions with detailed answers for upcoming IBPS Clerk prelims 2024. Latest English verbal ability practice MCQs, PDF

13-May-2024 by Careericons

Continue Reading »

Mensuration Aptitude Practice Mcq Questions IBPS Clerk 2024

Most Important Practice Mensuration aptitude multiple choice questions, answers with detailed solutions, PDF beginner to advanced for IBPS Clerk Prelims 2024

11-May-2024 by Careericons

Continue Reading »

Top Clock Aptitude Questions and Answers PDF IBPS Clerk 2024

Recent Important IBPS Clerk Prelims 2024 Aptitude Clock MCQ Questions and answers with easy and logical explanation, PDF. Topic wise Free online practice test

10-May-2024 by Careericons

Continue Reading »

New Time and Distance Aptitude MCQ PDF for IBPS Clerk 2024

Latest Time and Distance multiple choice questions and answers with solution PDF for IBPS Clerk Prelims 2024. Practice Speed Aptitude based Objective Mcq

09-May-2024 by Careericons

Continue Reading »