model 7 sold at loss Section-Wise Topic Notes With Detailed Explanation And Example Questions
MOST IMPORTANT quantitative aptitude - 11 EXERCISES
-
New 199+ Profit & Loss Aptitude MCQs with Basic C.P & S.P »
-
Top 250+ Profit & Loss Problems with Gain Lost Percentage »
-
249+ Profit & Loss Aptitude MCQs Gain Lost % with C.P S.P »
-
189+ Profit Loss Aptitude Sold Bought Practice MCQ Test »
-
Top 179+ Profit & Loss Aptitude Practice Test for Bank Exam »
-
New 189+ Profit and Loss Aptitude MCQs for All Govt Exams »
-
189+ Profit and Loss Questions for All Competitive Exams »
-
New 199+ Profit and Loss MCQ Test with Shortcuts, Tricks »
-
Top 199+ Profit and Loss Aptitude Practice Test For UPSC »
-
New 249+ Profit and Loss Questions and Answers for TNPSC »
-
New 249+ Profit and Loss Questions and Answers for TNPSC »
The following question based on profit & loss topic of quantitative aptitude
(a) Rs.288
(b) Rs.200
(c) Rs.232
(d) Rs.320
The correct answers to the above question in:
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
Discuss Form
Read more sold at loss Based Quantitative Aptitude Questions and Answers
Question : 1
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 »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$[{100 + \text"Profit%"}/100]$orC.P. = S.P$[100/{100 + \text"Profit%"}]$
Similarly, If an object is sold on r% loss, then
S.P. = C.P.$[{100 - \text"Loss%"}/100]$orC.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 : 2
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 »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 : 3
By selling 12 kg of potatoes for Rs.63, a shopkeeper gains 5%. What does he gain or lose percent by selling 50 kg of the same potatoes for Rs.247.50?
a) 1% loss
b) 1% profit
c) No profit, no loss
d) 2.5% loss
Answer »Answer: (a)
C.P. of 12 kg of potatoes
= Rs.$({63 × 100}/105)$ = Rs.60
C.P. of 50 kg of potatoes
= $60/12$ × 50 = Rs.250
Loss = Rs.(250 - 247.50) = Rs.2.5
Loss percent = ${2.5}/250 × 100$ = 1%
Question : 4
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%
Answer »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 = $210/1200 × 100$
= $35/2 = 17{1}/2%$
Question : 5
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 »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 : 6
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 »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
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
-
Model 1 Basic Concepts of C.P and S.P
Defination & Shortcuts … -
model 2 gain lost percentage
Defination & Shortcuts … -
model 3 gain/loss % with C.P/S.P
Defination & Shortcuts … -
model 4 sold & brought
Defination & Shortcuts … -
model 5 marked price
Defination & Shortcuts … -
model 6 sold in circular path
Defination & Shortcuts … -
model 7 sold at loss
Defination & Shortcuts … -
model 8 two article sold in different rates
Defination & Shortcuts … -
model 9 selling an article & interchanging its values
Defination & Shortcuts … -
model 10 reduced/increased price of an article
Defination & Shortcuts … -
model 11 ratio & partnership
Defination & Shortcuts …
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
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
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
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
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
Continue Reading »