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 : By selling a tape-recorder Rs. for 950, I lose 5%. What per cent shall I gain by selling it for Rs.1040?

(a) 4

(b) 4.5

(c) 5

(d) 9

The correct answers to the above question in:

Answer: (a)

Using Rule 1,

If S.P > C.P. then there will be profit

Profit = S.P. - C.P.

Profit% = ${\text"Profit" × 100}/{\text"C.P."}$

C.P. of the tape recorder

= $100/95 × 950$ = Rs.1000

Gain = 1040 - 1000 = Rs.40

% Gain = $40/1000 × 100 = 4%$

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Read more sold brought Based Quantitative Aptitude Questions and Answers

Question : 1

A person buys 100 cups at Rs.10 each. On the way 10 cups are broken. He sells the remaining cups at Rs.11 each. His loss per cent is

a) 1%

b) 1$1/2$%

c) $1/2$%

d) 2%

Answer: (a)

Using Rule 2

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

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

CP of Rs.100 cups = RS.100 × 10 = Rs.1000

10 cups are broken.

SP of 90 cups = Rs.(90 ×11) = Rs.990

Loss = Rs.(1000 - 990) = Rs.10

Loss per cent = $10/1000 × 100 = 1%$

Question : 2

Mohan bought 25 books for Rs.2,000 and sold them at a profit equal to the selling price of 5 books. The selling price of 1 book is

a) Rs.120

b) Rs.150

c) Rs.100

d) Rs.200

Answer: (c)

Using Rule 1,

Let the SP of 1 book = x

SP of 25 books = 25x

According to the question,

25x - 2000 = 5x

20x = 2000 ⇒ x = $2000/20$ = 100

SP of 1 book = Rs.100

Question : 3

A shopman bought pens at the rate of 7 for Rs.10 and sold them at a profit of 40%. How many pens would a customer get for Rs.10 ?

a) 4

b) 5

c) 6

d) 3

Answer: (b)

S.P. of 7 pens = ${10 × 140}/100$ = Rs.14

S.P. of 1 pen = $14/7$ = Rs.2

Clearly, 5 pens were sold for Rs.10

Using Rule 13,

Here, a = 7, x = 10, b = ?, y = 10, Gain% = 40%

Gain% = $({ay - bx}/{bx})$ × 100%

40 = $({7 × 10 - b × 10}/{b × 10}) × 100%$

4b = 70 - 10b

14b = 70 ⇒ b = $70/14$ ⇒ b = 5

Question : 4

A fruit seller buys lemons at 2 for a rupee and sells them at 5 for three rupees. His profit per cent is

a) 15%

b) 20%

c) 10%

d) 25%

Answer: (b)

Suppose, number of lemons bought

= LCM of 2, 5, 3 = 30

CP =Rs.$(1/2 × 30)$ = Rs.$15$

SP = Rs.$(3/5 × 30)$ = Rs.18

Gain = Rs.3; Gain per cent = $3/15 × 100 = 20%$

Using Rule 13,

Here, a = 2, x = 1, b = 5, y = 3

Gain% = $({ay - bx}/{bx})$ × 100%

= $({2 × 3 - 5 × 1}/{5 × 1}) × 100%$

= $1/5 × 100%$ = 20%

Question : 5

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 : 6

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%

= $({6 × 6 - 4 × 4}/{4 × 4}) × 100%$

= $({36 - 16}/16) × 100%$

= $20/16 × 100% = 125%$

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