model 4 sold & brought 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 : Oranges are bought at the rate of 10 for Rs.25 and sold at the rate of 9 for Rs.25. The profit percent is

(a) 10%

(b) 11$1/9$%

(c) 9$1/11$%

(d) 12$1/2$%

The correct answers to the above question in:

Answer: (b)

Suppose the number of oranges bought

= LCM of 10 and 9 = 90

C.P. of 90 oranges = $25/10 × 90$ = Rs.225

S.P. of 90 oranges = $25/9 × 90$ = Rs.250

Profit % = $25/225 × 100 = 100/9 = 11{1}/9%$

Using Rule 13,

Here, a = 10, x = 25, b = 9, y = 25

Gain% = $({ay - bx}/{bx})$ × 100%

= $({10 × 25 - 9 × 25}/{9 × 25}) × 100%$

= $({250 - 225}/{9 × 25}) × 100% = 100/9 = 11{1}/9%$

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

Practice profit & loss (model 4 sold & brought) 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 brought Based Quantitative Aptitude Questions and Answers

Question : 1

The cost price of two dozen bananas is Rs.32. After selling 18 bananas at the rate of Rs.12 per dozen, the shopkeeper reduced the rate to Rs.4 per dozen. The per cent loss is

a) 32.4%

b) 36.5%

c) 25.2%

d) 37.5%

Answer: (d)

Using Rule 2

If C.P > S.P., then there will be Loss

Loss = C.P. - S.P., Loss% = ${Loss × 100}/{C.P.}$

Total C.P. = Rs.32

Total S.P. = Rs.(18+2) = Rs.20

Loss = Rs.(32-20) = Rs.12

Loss per cent = $12/32 × 100$ = 37.5%

Question : 2

Some articles were bought at 6 for Rs.5, and sold at 5 for Rs.6. Gain per cent is :

a) 6%

b) 30%

c) 5%

d) 44%

Answer: (d)

Let number of articles bought = 6 × 5 = 30

C.P. of 30 articles = Rs.$(5/6 × 30)$ = Rs.25

S.P. of 30 articles = Rs.$(6/5 × 30)$ = Rs.36

Gain % = ${36 - 25}/25 × 100$ = 44%

Using Rule 13,

Here, a = 6, x = 5, b = 5, y = 6

Gain% = $({ay - bx}/{bx})$ × 100%

= $({6 × 6 - 5 × 5}/{5 × 5})$ × 100%

= $({36 - 25}/25) × 100% = 11/25 ×100%$ = 44%

Question : 3

Ramesh bought 10 cycles for Rs.500 each. He spent Rs.2,000 on the repair of all cycles. He sold five of them for Rs.750 each and the remaining for Rs.550 each. Then the total gain or loss % is

a) Loss of 8$1/3$%

b) Gain of 7$2/3$%

c) Gain of 8$1/3$%

d) Loss of 7$1/7$%

Answer: (d)

Using Rule 2,

Total actual C.P. = Rs.(500 × 10 + 2000) = Rs.7000

And total S.P. = Rs.(5 × 750 + 5× 550)

= Rs.(3750 + 2750) = Rs.6500

Loss = 7000 - 6500 = Rs.500

Loss percent = $500/7000 × 100 = 50/7 = 7{1}7%$

Question : 4

100 oranges are bought for Rs.350 and sold at the rate of Rs.48 per dozen. The percentage of profit or loss is :

a) 15% gain

b) 14$2/7$% loss

c) 15% loss

d) 14$2/7$% profit

Answer: (d)

C.P. of 100 oranges = Rs.350

S.P. of 12 oranges = Rs.48

S.P. of 100 oranges

= $48/12 × 100$ = Rs.400

Profit = Rs. (400 - 350) = Rs.50

Profit % = $50/350 × 100 = 100/7 = 14{2}/7%$

Using Rule 13,

Here, a = 100, x = 350, b = 100, y = $48/12$ × 100 = 400

Gain% = $({ay - bx}/{bx})$ × 100%

= ${100 × 400 - 100 × 350}/{100 × 350}$ × 100%

= ${40 - 35}/35 × 100%$

= $100/7% = 14{2}/7$%

Question : 5

A person buys some pencils at 5 for a rupee and sells them at 3 for a rupee. His gain per cent wll be :

a) 76$2/3$%

b) 56$2/3$%

c) 66$2/3$%

d) 46$2/3$%

Answer: (c)

C.P. of 5 pencils = Rs.1.

S.P. of 5 pencils = Rs.$5/3$

Gain = $5/3 - 1 = 2/3$

Gain % = ${2/3}/1 × 100 = 66{2}/3%$

Using Rule 13,

Here, a = 5, x = 1, b = 3, y = 1

Gain% = $({ay - bx}/{bx} × 100%)$

= ${5 - 3}/3 × 100% = 200/3 = 66{2}/3%$

Question : 6

If I would have purchased 11 articles for Rs.10 and sold all the articles at the rate of 10 for Rs.11, the profit per cent would have been :

a) 11%

b) 21%

c) 10%

d) 100%

Answer: (b)

C.P. of an article = Rs.$10/11$

S.P. of an article = Rs.$11/10$

Profit = $11/10 - 10/11$

= ${121 - 100}/110 = Rs.21/110$

Profit % = ${{21/110} × 100}/{10/11}$

= $2100/110 × 11/10$ = 21%

Using Rule 13,
If the total cost of 'a' articles having equal cost is Rs.x
and the total selling price of 'b' articles is Rs.y,
then in the transaction gain or loss per cent is given by
$({ay - bx}/{bx})$ × 100%
Where positive value signifies 'profit'
and negative value signifies 'loss'

Here, a = 11, x = 10, b = 10, y = 11

Gain% = $({ay - bx}/{bx}) × 100%$

= $({11 × 11 - 10 × 10}/{10 × 10}) × 100%$

= $({121 - 100}/100) × 100%$ = 21%

Need More Mcqs on profit & loss of model 4 sold & brought 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

Most Important Antonyms Vocabulary - IBPS Clerk Prelims 2024

Latest Antonyms multiple choice questions and answers with free PDFfor IBPS Clerk Prelims 2024. English Vocabulary practice exercise for all bank exam

17-May-2024 by Careericons

Continue Reading »

Syllogism Practice Questions Answers PDF - IBPS Clerk 2024

Practice Verbal Reasoning Syllogism multiple choice questions and answers with Fully solved explanation, PDF for the IBPS Clerk Prelims 2024 Bank Exam

16-May-2024 by Careericons

Continue Reading »

IBPS Clerk Prelims 2024 Synonyms Questions Solved Answers

Most important IBPS Clerk Prelims 2024 Synonyms and Antonyms multiple choice questions and answers with detailed solutions, English vocabulary PDF Download

14-May-2024 by Careericons

Continue Reading »

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 »