model 2 gain lost percentage 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 CPO S.I.2004]
The cost price of 8 articles is equal to the selling price of 9 articles. The profit or loss per cent in the transaction is
a) 12$1/2$% loss
b) 12$1/2$% profit
c) 11$1/9$% profit
d) 11$1/9$% loss
Answer »Answer: (d)
Let the CP of each article be Rs.1
CP of 9 articles = Rs.9
SP of 9 articles = Rs.8
Loss = Rs.1; Loss % = $1/9$ × 100
Loss % = $100/9 = 11{1}/9%$
Using Rule 8,
Here, x = 8, y = 9
Loss % = $({y - x}/y) × 100$
= $({9 - 8}/9) × 100 = 100/9 = 11{1}/9%$
Question : 7 [SSC FCI Assistant Grade-III 2012]
The cost price of 25 articles is equal to the selling price of 20 of them. The gain or loss percent is given by
a) 20% loss
b) 25% gain
c) 75% gain
d) 60% loss
Answer »Answer: (b)
Percentage profit = ${25 - 20}/20 × 100$ = 25%
Using Rule 8,
Here, x = 25, y = 20
Gain % = $({x - y}/y) × 100$
= ${25 - 20}/20 × 100 = 500/20$ = 25%
Question : 8 [SSC CGL Tier-II 2012]
The cost price of 40 articles is the same as the selling price of 25 articles. Find the gain per cent.
a) 65%
b) 60%
c) 75%
d) 15%
Answer »Answer: (b)
Gain per cent
= ${40 - 25}/25 × 100 = 15/25 × 100 = 60%$
Using Rule 8,
Here, x = 40, y = 25
Gain % = $({x - y}/y) × 100$
= ${40 - 25}/25 × 100 = 15/25 × 100$ = 60%
Question : 9 [SSC Constable 2012]
If the cost price of 18 articles is equal to the selling price of 16 articles, the gain or loss is
a) 25% gain
b) 25% loss
c) 12$1/2$% gain
d) 12$1/2$% loss
Answer »Answer: (c)
Percentage profit = ${18 - 16}/16 × 100$
= $25/2 = 12{1}/2$%
Using Rule 8,
Here, x = 18, y = 16
Gain % = $({x - y}/y) × 100$
= ${18 - 16}/16 × 100$
= $2/16 × 100 = 25/2 = 12{1}/2$%
Question : 10 [SSC CGL Prelim 1999]
The cost price of 36 books is equal to the selling price of 30 books. The gain per cent is :
a) 20%
b) 16$4/6$%
c) 82$2/6$%
d) 18%
Answer »Answer: (a)
If cost price of 'x' articles is equal to selling price of 'y' articles,then Selling Price = x, Cost Price = yHence, Profit or Loss% = ${x - y}/y × 100$
Required profit = ${36 - 30}/30 × 100$ = 20%
IMPORTANT quantitative aptitude EXERCISES
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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 »
model 2 gain lost percentage Shortcuts »
Click to Read...model 2 gain lost percentage Online Quiz
Click to Start..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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