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 : 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$1/7$%

The correct answers to the above question in:

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 = $500/7000 × 100 = 50/7 = 7{1}7%$

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

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: (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 : 2

I purchased 120 exercise books at the rate of Rs.3 each and sold $1/3$ of them at the rate of Rs.4 each, $1/2$ of them at the rate of Rs.5 each and the rest at the cost price. My profit per cent was

a) 44$4/9$%

b) 44$2/3$%

c) 44%

d) 45%

Answer: (a)

Using Rule 1,

CP of 120 excercise books = Rs.(120 × 3) = Rs.360

SP of 40 at Rs.4 each = Rs.(40 × 4) = Rs.160

SP of 60 at Rs.5 each = Rs.(60 × 5) = Rs.300

SP of remaining 20 books = Rs.(20 × 3) = Rs.60

Total SP = Rs.(160 + 300 + 60) = Rs.520

Profit % = Rs.(520 - 360) = Rs.160

Profit% = $160/360 × 100 = 400/9 = 44{4}/9%$

Question : 3

A person bought some articles at the rate of 5 per rupee and the same number at the rate of 4 per rupee. He mixed both the types and sold at the rate of 9 for 2 rupees. In this business he suffered a loss of Rs.3. The total number of articles bought by him was

a) 1080

b) 540

c) 1090

d) 545

Answer: (a)

Let the person buy 10 articles.

Total CP = Rs.$(1 + 5/4)$ = Rs.$9/4$

SP of 10 articles = Rs.$2/9 × 10$ = Rs.$20/9$

Loss = Rs.$(9/4 - 20/9)$ = Rs.$({81 - 80}/36)$ = Rs.$1/36$

Now, if loss is Rs.$1/36$, number of articles = 10

If loss is Rs.3, number of articles = 36 × 10 × 3 = 1080

Question : 4

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 : 5

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 : 6

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: (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%

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

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

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 »