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

profit & loss Important Formulas, Rules, Concepts & Shortcuts

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

Shortcut »

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

Shortcut »

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%

Shortcut »

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

Shortcut »

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%

Shortcut »

Answer: (a)

Using Rule 8,

If cost price of 'x' articles is equal to selling price of 'y' articles,
then Selling Price = x, Cost Price = y
Hence, Profit or Loss% = ${x - y}/y × 100$

Required profit = ${36 - 30}/30 × 100$ = 20%

IMPORTANT quantitative aptitude EXERCISES

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
quantitative aptitude CATEGORIES
RECENT BLOGS
SSC CHSL Exam Centres 2023 Tier 1 & 2: State-Wise Apply Link
SSC CHSL Exam Centres 2023 Tier 1 & 2: State-Wise Apply Link Read more...
SSC CHSL 2023 Tier 2: Syllabus PDF & Exam Pattern [Changed]
SSC CHSL 2023 Tier 2: Syllabus PDF & Exam Pattern [Changed] Read more...
SSC CHSL Tier 1 Revised Syllabus 2023 & New Topics List PDF
SSC CHSL Tier 1 Revised Syllabus 2023 & New Topics List PDF Read more...
SSC CHSL 2023 Tier 2 New Revised Exam Pattern & Syllabus PDF
SSC CHSL 2023 Tier 2 New Revised Exam Pattern & Syllabus PDF Read more...

Recently Added Subject & Categories For All Competitive Exams

New Cloze Test Questions and Answers PDF - IBPS Clerk 2024

The most important Cloze Test questions with detailed answers for upcoming IBPS Clerk prelims 2024. Latest English verbal ability practice MCQs, PDF

13-May-2024 by Careericons

Continue Reading »

Mensuration Aptitude Practice Mcq Questions IBPS Clerk 2024

Most Important Practice Mensuration aptitude multiple choice questions, answers with detailed solutions, PDF beginner to advanced for IBPS Clerk Prelims 2024

11-May-2024 by Careericons

Continue Reading »

Top Clock Aptitude Questions and Answers PDF IBPS Clerk 2024

Recent Important IBPS Clerk Prelims 2024 Aptitude Clock MCQ Questions and answers with easy and logical explanation, PDF. Topic wise Free online practice test

10-May-2024 by Careericons

Continue Reading »

New Time and Distance Aptitude MCQ PDF for IBPS Clerk 2024

Latest Time and Distance multiple choice questions and answers with solution PDF for IBPS Clerk Prelims 2024. Practice Speed Aptitude based Objective Mcq

09-May-2024 by Careericons

Continue Reading »