model 5 marked price 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 : 1 [SSC CGL Prelim 2002]
If the sales tax be reduced from 3$1/2$% to 3$1/3$% , what difference does it make to a person who purchases an article whose marked price is 8,400 ?
a) Rs.20
b) Rs.14
c) Rs.10
d) Rs.15
Answer »Answer: (b)
Difference in percentage of sales tax
= $7/2 - 10/3 = {21 - 20}/6 = 1/6$%
Required difference
= $1/6$% of 8400
= $1/6 × 1/100 × 8400$ = Rs.14
Question : 2 [SSC CPO S.I.2003]
By selling an article at $2/3$ of the marked price, there is a loss of 10%. The profit percent, when the article is sold at the marked price, is
a) 20%
b) 35%
c) 40%
d) 30%
Answer »Answer: (b)
Using Rule 3,If an object is sold on r% Profit.
then,S.P. = C.P$[{100 + \text"Profit%"}/100]$orC.P. = S.P$[100/{100 + \text"Profit%"}]$
Similarly, If an object is sold on r% loss, then
S.P. = C.P.$[{100 - \text"Loss%"}/100]$orC.P. = S.P$[100/{100 - \text"Loss%"}]$
Suppose marked price = Rs.x
S.P.= Rs.${2x}/3$
CP = ${2x}/{3 × 90} × 100 = {20x}/27$
Profit at marked price = $x - {20x}/27 = {7x}/27$
Per cent profit = ${{7x}/27}/{{20x}/2} × 100$
= ${7x}/27 × 27/{20x} × 100$ = 35%
Question : 3 [SSC CPO S.I.2008]
A tradesman allows a discount of 15% on the marked price. How much above the cost price must he mark his goods as to gain 19%?
a) 34%
b) 25%
c) 30%
d) 40%
Answer »Answer: (d)
Let the CP of the article be Rs.100.
SP = Rs. 119
If the marked price be Rs.x, then,
$85/100 of x$ = 119
$85/100 × x = 119$
$x = {119 × 100}/85 = 140$
Clearly, the marked price is 40% above the cost price.
Question : 4 [SSC CPO S.I.2008]
Rita bought a television set with 20% discount on the labelled price. She made a profit of Rs.800 by selling it for Rs.16,800. The labelled price of the set was
a) Rs.18,000
b) Rs.20,800
c) Rs.24,000
d) Rs.20,000
Answer »Answer: (d)
Let the marked price of the television be Rs.x.
CP for Rita = Rs.(16800 - 800) = Rs.16000
80% of x = 16000
$x = {16000 × 100}/80$ = Rs.20000
Question : 5 [SSC CGL Tier-1 2011]
The cost price of an article is Rs.800. After allowing a discount of 10%, a gain of 12.5% was made. Then the marked price of the article is
a) Rs.1,000
b) Rs.1,200
c) Rs.1,300
d) Rs.1,100
Answer »Answer: (a)
Let the marked price of the article be Rs.x.
${90x}/100 = {800 × 112.5}/100$
${9x}/10 = 900$
$x = {900 × 10}/9$ = Rs.1000
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 5 marked price Shortcuts »
Click to Read...model 5 marked price 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
RECENT BLOGS
Recently Added Subject & Categories For All Competitive Exams
New 100+ Compound Interest MCQ with Answers PDF for IBPS
Compound Interest verbal ability questions and answers solutions with PDF for IBPS RRB PO. Aptitude Objective MCQ Practice Exercises all competitive exams
Continue Reading »
100+ Mixture and Alligation MCQ Questions PDF for IBPS
Most importantly Mixture and Alligation multiple choice questions and answers with PDF for IBPS RRB PO. Aptitude MCQ Practice Exercises all Bank Exams
Continue Reading »
IBPS Profit and Loss Questions Solved Problems with PDF
Most important Profit and Loss multiple choice questions and answers with PDF for IBPS RRB PO. 100+ Aptitude MCQ Practice Exercises all competitive exams
Continue Reading »
100+ Average Aptitude Questions Answers solutions MCQ PDF
New Average multiple choice questions and answers with PDF for IBPS RRB PO. 100+ Quantitative Aptitude MCQ Practice Exercises all competitive exams
Continue Reading »