model 4 sold & brought Section-Wise Topic Notes With Detailed Explanation And Example Questions

MOST IMPORTANT quantitative aptitude - 11 EXERCISES

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

Questions : 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%

The correct answers to the above question in:

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

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Read more sold brought Based Quantitative Aptitude Questions and Answers

Question : 1

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 : 2

A man bought pencils at the rate of 6 for Rs.4 and sold them at the rate of 4 for Rs.6. His gain% in the transaction is :

a) 80%

b) 125%

c) 75%

d) 100%

Answer: (b)

Let the number of pencils bought = LCM of 4, 6 = 12

CP of 6 pencils = Rs.4

CP of 12 pencils = Rs.8

S.P. of 4 pencils = Rs.6

S.P. of 12 pencils = Rs.18

Profit = Rs. (18 - 8) = Rs.10

Profit % = $10/8 × 100 = 125%$

Using Rule: 13

Here, a = 6, x = 4, b = 4, y = 6

Gain% = $({ay - bx}/{bx})$ × 100%

= $({6 × 6 - 4 × 4}/{4 × 4}) × 100%$

= $({36 - 16}/16) × 100%$

= $20/16 × 100% = 125%$

Question : 3

Ravi buys some toffees at 2 for a rupee and sells them at 5 for a rupee. His loss percent is

a) 90%

b) 30%

c) 120%

d) 60%

Answer: (d)

Let Ravi buy 10 toffees.

C.P. = Rs.5; S.P. = Rs.2

Loss % = ${5 - 2}/5 × 100$ = 60%

Using Rule: 13

Here, a = 2, x = 1, b = 5, y = 1

Loss % = $({ay - bx}/{bx})$ × 100%

= $({2 × 1 - 5 × 1}/{5 × 1}) × 100%$

=${-3}/5 × 100%$

= 60% (-ve sign shows loss)

Question : 4

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 : 5

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 : 6

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%

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