model 4 sold & brought Section-Wise Topic Notes With Detailed Explanation And Example Questions
MOST IMPORTANT quantitative aptitude - 11 EXERCISES
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New 249+ Profit and Loss Questions and Answers for TNPSC »
The following question based on profit & loss topic of quantitative aptitude
(a) 32.4%
(b) 36.5%
(c) 25.2%
(d) 37.5%
The correct answers to the above question in:
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%
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Read more sold brought Based Quantitative Aptitude Questions and Answers
Question : 1
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 »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 : 2
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 »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 : 3
On selling 17 balls at Rs.720, there is a loss equal to the cost price of 5 balls. The cost price of a ball is :
a) Rs.50
b) Rs.60
c) Rs.45
d) Rs.55
Answer »Answer: (b)
Let the CP of each ball = x.
Then, clearly the cost price of (17 - 5) balls = Rs.720
i.e., 12x = 720 ⇒ x = 60 i.e. Rs.60
Question : 4
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$1/2$%
Answer »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%
= $({10 × 25 - 9 × 25}/{9 × 25}) × 100%$
= $({250 - 225}/{9 × 25}) × 100% = 100/9 = 11{1}/9%$
Question : 5
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 »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 : 6
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 »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% = $({ay - bx}/{bx} × 100%)$
= ${5 - 3}/3 × 100% = 200/3 = 66{2}/3%$
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
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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 …
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