model 7 sold at loss Section-Wise Topic Notes With Detailed Explanation And Example Questions

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

Questions : A man purchased 150 pens at the rate of Rs.12 per pen. He sold 50 pens at a gain of 10%. The percentage gain at which he must sell the remaining pens so as to gain 15% on the whole outlay is

(a) 21$1/2%$

(b) 17$1/2%$

(c) 20%

(d) 17%

The correct answers to the above question in:

Answer: (b)

Required S.P. of 150 pens.

= 150 × 12 × $115/100$ = Rs.2070

S.P. of first 50 pens

= ${50 × 12 × 110}/100$ = Rs.660

Required S.P. of 100 pens

= 2070 - 660 = Rs.1410

C.P. of 100 pens = Rs.1200

Gain per cent = $210/1200 × 100$

= $35/2 = 17{1}/2%$

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Read more sold at loss Based Quantitative Aptitude Questions and Answers

Question : 1

A shopkeeper purchases two items for Rs.520. One of them is sold gaining 16% and the other at a loss of 10%, thus making no profit or loss. What is the selling price of the item sold at loss?

a) Rs.288

b) Rs.200

c) Rs.232

d) Rs.320

Answer: (a)

C.P. of article sold at loss = Rs.x.

C.P. of article sold at profit = Rs.(520 - x)

According to the question,

x × $10/100 = (520 - x) × 16/100$

5x = 520 × 8 - 8x

13x = 520 × 8

$x = {520 × 8}/13$ = Rs. 320

∴ Its S.P. = ${320 × 90}/100$ = Rs.288

Question : 2

There would be a 10% loss, if rice is sold at Rs.54 per kg. To earn a profit of 20%, the price of rice per kg will be

a) Rs.65

b) Rs.72

c) Rs.70

d) Rs.63

Answer: (b)

C.P. of rice per kg

${54 × 100}/90$ = Rs. 60

For 20% profit,

S.P. per kg. = ${60 × 120}/100$ = Rs. 72

Using Rule 3,
If an object is sold on r% Profit.

then,S.P. = C.P$[{100 + \text"Profit%"}/100]$
or
C.P. = S.P$[100/{100 + \text"Profit%"}]$

Similarly, If an object is sold on r% loss, then

S.P. = C.P.$[{100 - \text"Loss%"}/100]$
or
C.P. = S.P$[100/{100 - \text"Loss%"}]$

C.P. = S.P$[100/{100 - \text"Loss%"}]$

= $54(100/{100 - 10})$

C.P. = Rs.60

New S.P. = C.P$[{100 + \text"Profit%"}/100]$

= $60 × ({100 + 20}/100)$ = Rs.72

Question : 3

A businessman bought an article and sold it at a loss of 5%. If he had bought it for 10% less and sold it for Rs.33 more, he would have had a profit of 30%. The cost price of the article is

a) Rs.330

b) Rs.300

c) Rs.155

d) Rs.150

Answer: (d)

C.P. of the article be Rs.x

First S.P. = ${19x}/20$; C.P. = ${9x}/10$

${19x}/20 + 33$

${9x × 130}/1000 = 117/100x$

${117x}/100 - {19x}/20$ = 33

${117x - 95x}/100 = 33$

22x = 33 × 100

$x = {33 × 100}/22$ = Rs.150

Question : 4

A man sells an article at 10% loss. If he had sold it at Rs.10 more, he would have gained 10%. The cost price of the article is

a) Rs.50

b) Rs.110

c) Rs.55

d) Rs.100

Answer: (a)

Let the C.P be Rs.x.

First selling price = 90% of x = Rs.${9x}/10$

Second selling price = $({9x}/10 + 10)$

110% of $x = ({9x}/10 + 10)$

${11x}/10 = {9x}/10 + 10 ⇒ {2x}/10 = 10$

$x = {10 × 10}/2 = 50 = Rs.50$

Using Rule 11,

Here, x = 10%, R= 10, y = 10%

C.P. = ${R × 100}/{y + x}$

= ${10 × 100}/{10 + 10}$ = Rs.50

Question : 5

The profit obtained by selling an article for Rs.625 is same as the loss incurred if it is sold for Rs.545. The price at which it is to be sold to realize a profit of Rs. 65 on the cost price is

a) Rs.640

b) Rs.660

c) Rs.630

d) Rs.650

Answer: (d)

Let C.P. of article be Rs.x.

According of the question,

625 - x = x - 545

2 x = 625 + 545 = 1170

x = $1170/2$ = Rs.585

Required S.P. = Rs.(585 + 65) = Rs.650

Question : 6

A shopkeeper sells an article at a loss of 12$1/2%$. Had he sold it for Rs.51.80 more, he would have earned a profit of 6%. The cost price of the article is

a) Rs.280

b) Rs.400

c) Rs.300

d) Rs.380

Answer: (a)

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

S.P. = ${175x}/200$

New S.P. = Rs.$({7x}/8 + 51.80)$

${175x}/200 + 51.8 = 106/100 × x$

${106x}/100 - {175x}/200 = 51.8$

${212x - 175x}/200 = 51.8$

37 x = 51.8 × 200

$x = {51.8 × 200}/37$ = Rs.280

Using Rule 11,

Here, x = 12.5%, R = Rs.51.80, y = 6%

C.P. = ${R × 100}/{y + x}$

= ${51.80 × 100}/{12.5 + 6}$

= $5180/{18.5}$ = Rs.280

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