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 : 16 [SSC CPO S.I.2005]
A merchant buys an article for Rs.27 and sells it at a profit of 10% of the selling price. The selling price of the article is :
a) Rs.37
b) Rs.30
c) Rs.29.70
d) Rs.32
Answer »Answer: (b)
S.P. - C.P.=${10\text"S.P."}/100 = \text"S.P."/10$
S.P.- $\text"S.P."/100$ = 100= 27
S.P.= ${27 × 10}/9$ = Rs.30
Using Rule 1,
C.P. = 27, Profit = $10/100$
S.P. = $\text"S.P."/10$
Profit = S.P. - C.P.
$\text"S.P."/10$ = S.P. - 27
27 = S.P. - $\text"S.P."/10$
S.P. = ${27 × 10}/9$ = Rs.30
Question : 17 [SSC CGLTier-I 2010]
By selling an article, a man makes a profit of 25% of its selling price. His profit per cent is
a) 16$2/3$%
b) 25%
c) 20%
d) 33$1/3$%
Answer »Answer: (d)
Using Rule 1,
If S.P > C.P. then there will be profit
Profit = S.P. - C.P.
Profit% = ${\text"Profit" × 100}/{\text"C.P."}$
If the S.P. of article be x, then its
CP = $x - x/4$ = Rs.${3x}/4$
Gain % = ${x/4}/{{3x}/4} × 100$
= $100/3 = 33{1}/3$%
Question : 18 [SSC Constable 2013]
A retailer buys a radio for Rs.225. His overhead expenses are Rs.15. He sells the radio for Rs.300. The profit per cent of the retailer is :
a) 20%
b) 26$2/3$%
c) 25%
d) 33$1/3$%
Answer »Answer: (c)
Using Rule 1,
Actual C.P. = 225 + 15 = Rs.240
Gain = 300 - 240 = Rs.60
Gain per cent = $60/240 × 100 = 25%$
Question : 19 [SSC Assistant Grade-III 2012]
An item when sold for Rs.1,690 earned 30% profit on the cost price. Then the cost price is
a) Rs.1,300
b) Rs.630
c) Rs.507
d) Rs.130
Answer »Answer: (a)
Using Rule 3,
If the C.P. be x, then
${x × 130}/100 = 1690$
$x = {1690 × 100}/130$ = Rs.1300
Question : 20 [SSC CHSL 2012]
A salesman expects a gain of 13% on his cost price. If in a month his sale was Rs.7,91,000, what was his profit ?
a) Rs.91,000
b) Rs.88,300
c) Rs.85,659
d) Rs.97,786
Answer »Answer: (a)
Using Rule 1,
Cost price = ${791000 × 100}/113$ = Rs.700000
Gain = 791000 - 700000 = Rs.91000
IMPORTANT QUANTITATIVE APTITUDE EXERCISES
-
New 199+ Profit & Loss Aptitude MCQs with Basic C.P & S.P »
-
Top 250+ Profit & Loss Problems with Gain Lost Percentage »
-
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 »
-
New 189+ Profit and Loss Aptitude MCQs for All Govt Exams »
-
189+ Profit and Loss Questions for All Competitive Exams »
-
New 199+ Profit and Loss MCQ Test with Shortcuts, Tricks »
-
Top 199+ Profit and Loss Aptitude Practice Test For UPSC »
-
New 249+ Profit and Loss Questions and Answers for TNPSC »
-
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
-
» Time & Distance
-
» Trains
-
» Compound Interest
-
» Simplification
-
» Discount
-
» Power
-
» Permutations & Combination
-
» Ratio & Proportion
-
» Advance Math
-
» Algebraic Expressions
-
» Trigonometric Ratios & Identities
-
» Simple Interest
-
» Alligation & Mixtures
-
» Boats & Streams
-
» Set Theory
-
» Linear Equations
-
» Quadratic Equations
-
» Mensuration
-
» Squareroots & Cuberoots
-
» Data Sufficiency
-
» Logarithm
-
» Probability
-
» Statistics
RECENT BLOGS
Recently Added Subject & Categories For All Competitive Exams
Alphabet and Number Arrangement Aptitude Model Test SSC
Alphabet and Number Arrangement objective Questions with detailed answers, PDF. Aptitude 50+ Practice MCQ exercises for SSC, all competitive, Bank Exams
Continue Reading »
SSC Direction and Distance Sense MCQ Practice Exercise
Top Direction and Distance Sense objective questions with answers, PDF for SSC. 100+ Aptitude practice exercises for all Bank, Govt, and Competitive Exams
Continue Reading »
100+ Blood Relation Aptitude Test Online, PDF for SSC
Top Blood Relation objective questions with answers, download PDF for SSC. 100+ Aptitude online practice exercises for all Bank, Govt, and Competitive Exams
Continue Reading »
Top 100+ English Jumbled Sentences MCQ with PDF for RBI
Very important Jumbled Sentences questions with answers PDF for RBI. 100+ General English practice exercises for all Bank, Govt, and Competitive Exams
Continue Reading »