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 12 oranges for Rs.60, a man loses 25%. The number of oranges he has to sell for Rs.100, so as to gain 25% is

(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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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: (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: (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: (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: (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: (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: (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 = $10/1000 × 100 = 1%$

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