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 : 26 [SSC CGL Prelim 2004]
If the cost price of 12 pens is equal to the selling price of 8 pens, the gain per cent is :
a) 33$1/3$%
b) 66$2/3$%
c) 50%
d) 25%
Answer »Answer: (c)
Let the CP of each pen be Rs.1.
CP of 8 pens = Rs.8
SP of 8 pens = Rs.12
Gain % = $4/8 ×100$ = 50%
Using Rule 8,
Here, x = 12, y = 8
Profit % = $({x - y}/y) × 100$
= $({12 - 8}/8) × 100$
= $4/8 × 100$ = 50%
Question : 27 [SSC CHSL 2013]
A cloth merchant on selling 33 metres of cloth obtains a profit equal to the selling price of 11 metres of cloth. The profit percent is
a) 40%
b) 22%
c) 11%
d) 50%
Answer »Answer: (d)
S.P. of 33 metres of cloth
= C.P. of 33 metres of cloth +
S.P. of 11 metres of cloth
S.P. of 22 metres of cloth
= C.P. of 33 metres of cloth
Gain per cent = ${33 - 22}/22 × 100$ = 50%
Using Rule 9,
Here, x = 33, y = 11
Profit % = ${y × 100}/{x - y}$
= ${11 × 100}/{33 - 11} = {11 × 100}/22$ = 50%
Question : 28 [SSC CHSL 2011]
The selling price of 12 articles is equal to the cost price of 15 articles. The gain per cent is
a) 6$2/3$%
b) 20%
c) 80%
d) 25%
Answer »Answer: (d)
Gain per cent = ${15 - 12}/12 × 100$ = 25%
Using Rule 8,
Here, x = 15, y = 12
Gain % = $({x - y}/y) × 100$
= ${15 - 12}/12 × 100 = 3/12 × 100$ = 25%
Question : 29 [SSC CGL Tier-1 2011]
If the cost price of 10 articles is equal to the selling price of 8 articles, then gain per cent is
a) 10%
b) 8%
c) 25%
d) 50%
Answer »Answer: (c)
Profit percent = ${10 - 8}/8 × 100$ = 25%
Using Rule 8,
Here, x = 10, y = 8
Gain % = $({x - y}/y) × 100$
= ${10 - 8}/8 × 100 = 200/8$ = 25%
Question : 30 [SSC CGL Prelim 1999]
The cost price of 15 articles is same as the selling price of 10 articles. The profit percent is :
a) 30%
b) 40%
c) 45%
d) 50%
Answer »Answer: (d)
Suppose the C.P. of each article is Rs.1
Then C.P. of 10 articles = Rs.10
S.P. of 10 articles = Rs.15
Profit = Rs.5
% profit = ${5 × 100}/10$ = 50%
Using Rule 8,
Here, x = 15, y = 10
Profit% = ${x - y}/y × 100$
= $({15 - 10}/10) × 100$ = 50%
IMPORTANT quantitative aptitude EXERCISES
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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 »
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
-
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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