model 4 sold & brought Section-Wise Topic Notes With Detailed Explanation And Example Questions
MOST IMPORTANT quantitative aptitude - 11 EXERCISES
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189+ Profit and Loss Questions for All Competitive Exams »
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New 199+ Profit and Loss MCQ Test with Shortcuts, Tricks »
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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) 11
(b) 12
(c) 10
(d) 15
The correct answers to the above question in:
Answer: (b)
C.P. of 12 oranges = $60 × 100/75$ = Rs.80
For a gain of 25%,
S.P. of 12 oranges = ${80 × 125}/100$ = Rs.100
Hence, 12 Orange has to sell,
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Read more sold brought Based Quantitative Aptitude Questions and Answers
Question : 1
A man buys a certain number of oranges at 20 for Rs.60 and an equal number at 30 for Rs.60. He mixes them and sells them at 25 for Rs.60. What is gain or loss per cent ?
a) Loss of 4%
b) Neither gain nor loss
c) Gain of 4%
d) Loss of 5%
Answer »Answer: (a)
Let the man buy 60 oranges (LCM of 20 and 30) of each kind. CP of the 60 oranges of the first kind
= $60/20 × 60$ = Rs.180
CP of 60 oranges of second kind $60/30 × 60$ = Rs.120
Total CP of 120 oranges = (180 + 120) = Rs.300
Their SP = $60/25 × 120$ = Rs.288
Loss = Rs.(300 - 288) = Rs.12
∴ Loss Per cent = $12/300 × 100$ = 4%
Question : 2
A fruit vendor bought bananas at the rate of 5 for a rupee and sold them 4 for a rupee. The percent gain or loss is
a) 25% loss
b) 25% gain
c) 12$1/2$% gain
d) 12$1/2$% loss
Answer »Answer: (b)
Let the vendor buy 20 (LCM of 5 and 4) bananas.
CP of 20 bananas = Rs.4
SP of 20 bananas = Rs.5
Gain% = ${5 - 4}/4 × 100 = 25%$
Using Rule 13,
Here, a = 5, x = 1, b = 4, y = 1
His gain%= $({ay - bx}/{bx})$ × 100%
= $({5 × 1 - 4 × 1}/{4 × 1}) × 100%$
= $1/4$ × 100% = 25%
Question : 3
A man sold 20 apples for Rs.100 and gained 20%. How many apples did he buy for Rs.100?
a) 22
b) 24
c) 20
d) 25
Answer »Answer: (b)
If the CP of 20 apples be Rs.x,
then ${x × 120}/100 = 100$
$x = {100 × 100}/120$ = Rs.$250/3$
Rs.$250/3$ = 20 apples
Rs.100 = ${20 × 3 × 100}/250$ = 24 apples
Using Rule 13,
Here, a = ?, x = 100, b = 20, y = 100, Gain% = 20%
Gain% = $({ay - bx}/{bx})$ × 100%
20% = $({a × 100 - 20 × 100}/{20 × 100}) × 100%$
400 = 100a - 2000
2400 = 100a ⇒ a = 24
Question : 4
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 »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 : 5
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 »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 : 6
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 »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 = $10/1000 × 100 = 1%$
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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