model 10 reduced/increased price of an article 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 CGL Prelim 1999]
A trader bought 10 kg of apples for Rs.405 out of which 1 kg of apples were found to be rotten. If he wishes to make a profit of 10%, at what rate should he sell the remaining apples per kg?
a) Rs.50
b) Rs.51
c) Rs.45
d) Rs.49.50
Answer »Answer: (d)
Selling price = 405 × 110% = Rs.445.50
Remaining apples = 10 – 1= 9 kg
Therefore, the remaining apples (per kg) cost
=$445.50/9$ = Rs.49.50
Question : 7 [SSC CPO S.I.2007]
If the cost of pins reduces by Rs.4 per dozen, 12 more pins can be purchased for Rs.48. The cost of pins per dozen after reduction is:
a) Rs.16
b) Rs.20
c) Rs.8
d) Rs.12
Answer »Answer: (d)
Let the original price = x per dozen
New price = (x – 4) per dozen
Original number of pins = $48/x$ dozens
New number of pins = $48/{x – 4}$ dozens
According to the question,
$48/{x -4} – 48/x = 1$
⇒ $48({x – x + 4}/{x(x - 4)})$= 1
⇒ x (x – 4) = 48 × 4
⇒ $x^2 – 4x – 192 = 0$
⇒ $x^2 – 16x + 12x – 192$ = 0
⇒ x (x – 16) + 12 (x – 16) = 0
⇒ (x – 16) (x + 12) = 0
⇒ x = 16, because the price of pins can not be negative.
x ≠–12
New price = 16 – 4 = Rs.12 per dozen
Question : 8 [SSC CGL Tier-II 2015]
A manufacturer fixes his selling price at 33% over the cost of production. If cost of production goes up by 12% and manufacturer raises his selling price by 10%, his percentage profit is
a) 36$5/9%$
b) 35%
c) 28$3/8$%
d) 30$5/8%$
Answer »Answer: (d)
Cost of production of article = Rs.100 (let)
S.P. = Rs.133
New cost of production = Rs.112
S.P. = ${133 × 110}/100$ = Rs.146.30
Profit per cent = $({146.3 – 112}/112) × 100$
= ${34.3 × 100}/112 = 3430/112$
= $245/8 = 30{5}/8%$
Question : 9 [SSC SO 2005]
If the price of eraser is reduced by 25% a person can buy 2 more erasers for a rupee. How many erasers are available for a rupee ?
a) 4
b) 2
c) 8
d) 6
Answer »Answer: (c)
Cost of 2 erasers = 25% of 1
= $25/100$ × 1= Rs.$1/4$
Cost of one eraser = Rs.$1/8$
8 erasers will be available for Rs.1
Question : 10 [SSC CGL Tier-II 2015]
If a man reduces the selling price of a fan from Rs.1,250 to Rs.1,000, his loss increases by 20%. The cost price of the fan is
a) Rs.2,500
b) Rs.2,350
c) Rs.2,400
d) Rs.2,450
Answer »Answer: (a)
Let the cost price of fan be Rs. x,
According to the question,
10% of x = 1250 – 1000
${x × 10}/100$ = 250
$x = {250 × 100}/10$ = Rs.2500
Note : Here, increase in loss should be 10%.
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 10 reduced/increased price of an article Shortcuts »
Click to Read...model 10 reduced/increased price of an article 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
SSC STENO: Time & Work Questions Solved Problems with PDF
Free Time and work Aptitude-based Practice multiple questions with solutions, Quiz series, Mock Test & Downloadable PDF for SSC Steno (Grade C & D) 2024 Exam
Continue Reading »
SSC STENO 2024: Free Reading Comprehension MCQ Test PDF
Top Reading Comprehension English Section-wise multiple choice questions and answers, Full Mock Test Series & Online Quiz for SSC Steno Grade C & D 2024 Exam
Continue Reading »
Free Percentage Questions Answers for SSC STENO 2024 Exam
Important Top Percentage Aptitude-based multiple choice questions and answers practice quiz series, Online Mock Test PDF for SSC Steno Grade C & D 2024 Exam
Continue Reading »
Free Antonyms (English) MCQ Test for SSC STENO 2024 Exam
Top Antonyms General English Section-based multiple choice questions and answers, Free Full Test Series & Online Quiz PDF for SSC Steno Grade C & D 2024 Exam
Continue Reading »