Model 1 Basic Concepts Of C.P And S.P Practice Questions Answers Test With Solutions & More Shortcuts
PROFIT & LOSS PRACTICE TEST [11 - 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
Question : 6 [SSC CGL Tier-I 2014]
If there is a profit of 20% on the cost price, the per centage of profit on the sale price is
a) 15$1/3$%
b) 12 %
c) 16$2/3$%
d) 16 %
Answer »Answer: (c)
Cost price = Rs.x
S.P. = ${120x}/100$ = Rs.${6x}/5$
Gain = Rs.$x/5$
Required gain per cent = ${x/5}/{{6x}/5} × 100$
= $100/6 = 50/3 = 16{2}/3$%
Question : 7 [SSC CGL Tier-I 2013]
The total cost of 8 buckets and 5 mugs is Rs.92 and the total cost of 5 buckets and 8 mugs is Rs.77. Find the cost of 2 mugs and 3 buckets.
a) Rs.30
b) Rs.70
c) Rs.35
d) Rs.38
Answer »Answer: (c)
C.P. of 1 bucket = x
C.P. of 1 mug = y
8x + 5y = 92 .....(i)
5x + 8y = 77 .....(ii)
By using equation (i) × 5 - equation (ii) × 8,
40x + 25y - 40x - 64y
= 460 - 616
- 39y = - 156 ⇒ y = 4
From equation (i),
8x + 20 = 92
8x = 92 - 20 = 72 ⇒ x = 9
C.P. of 2 mugs and 3 buckets
= 2 × 4 + 3 × 9
= 8 + 27 = Rs.35
Question : 8 [SSC CHSL 2010]
If the cost price of an article is 80% of its selling price, the profit per cent is :
a) 24%
b) 22$1/2$%
c) 20 %
d) 25%
Answer »Answer: (d)
Using Rule 1,
S.P. = Rs.100; C.P. = Rs.80
Gain = Rs.20
∴ Gain per cent = $20/80 ×100$ = 25%
Question : 9 [SSC SO 2007]
By what per cent must the cost price be raised in fixing the sale price in order that there may be a profit of 20% after allowing a commission of 10% ?
a) 33$1/3$%
b) 133$1/3$%
c) 25%
d) 30%
Answer »Answer: (a)
Let the CP = Rs.100
Then, SP = Rs.120
Let the marked price = Rs.x.
Then, 90% of x = Rs.120
x = ${120 × 100}/90 = 400/3 = 133{1}/3$%
Hence, the marked price is
$33{1}/3$% above the cost price.
Question : 10 [SSC CHSL 2012]
By selling 33 metres of cloth, a person gains the cost of 11 metres. Find his gain%.
a) 33%
b) 33$1/2$%
c) 33$1/3$%
d) 34$1/3$%
Answer »Answer: (c)
Gain per cent
= $11/33 × 100 = 100/3 = 33{1}/3$%
IMPORTANT QUANTITATIVE APTITUDE EXERCISES
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New 199+ Profit & Loss Aptitude MCQs with Basic C.P & S.P »
-
Top 250+ Profit & Loss Problems with Gain Lost Percentage »
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249+ Profit & Loss Aptitude MCQs Gain Lost % with C.P S.P »
-
189+ Profit Loss Aptitude Sold Bought Practice MCQ Test »
-
Top 179+ Profit & Loss Aptitude Practice Test for Bank Exam »
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New 189+ Profit and Loss Aptitude MCQs for All Govt Exams »
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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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Top 199+ Profit and Loss Aptitude Practice Test For UPSC »
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New 249+ Profit and Loss Questions and Answers for TNPSC »
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New 249+ Profit and Loss Questions and Answers for TNPSC »
Model 1 Basic Concepts Of C.P And S.P Shortcuts »
Click to Read...Model 1 Basic Concepts Of C.P And S.P Online Quiz
Click to Start..PROFIT & LOSS SHORTCUTS AND TECHNIQUES WITH EXAMPLES
-
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 …
QUANTITATIVE APTITUDE CATEGORIES
-
» Number System
-
» Average
-
» LCM & HCF
-
» Percentage
-
» Profit & Loss
-
» Time & Work
-
» Pipes & Cisterns
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» Time & Distance
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» Trains
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» Compound Interest
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» Simplification
-
» Discount
-
» Power
-
» Permutations & Combination
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» Ratio & Proportion
-
» Advance Math
-
» Algebraic Expressions
-
» Trigonometric Ratios & Identities
-
» Simple Interest
-
» Alligation & Mixtures
-
» Boats & Streams
-
» Set Theory
-
» Linear Equations
-
» Quadratic Equations
-
» Mensuration
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» Squareroots & Cuberoots
-
» Data Sufficiency
-
» Logarithm
-
» Probability
-
» Statistics
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