model 9 selling an article & interchanging its values 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 CHSL 2012]

If a man were to sell his wristwatch for Rs.720, he would lose 25%. What price must he sell at for to gain 25% ?

a) Rs.960

b) Rs.1000

c) Rs.1200

d) Rs.900

Answer »

Shortcut »

Answer: (c)

C.P. of wrist watch = ${720 × 100}/75$ = Rs.960

Required S.P. = ${960 × 125}/100$ = Rs.1200

Question : 7 [SSC CGL Prelim 2007]

If a man were to sell his chair for Rs.720, he would lose 25%. To gain 25% he should sell it for

a) Rs.1,200

b) Rs.960

c) Rs.900

d) Rs.1,000

Answer »

Shortcut »

Answer: (a)

CP of chair = $100/75 × 720$ = Rs.960

To gain 25%, SP = $125/100 × 960$ = Rs.1200

Using Rule 3,

C.P. = S.P.$(100/{100 - Loss%})$

= ${720 × 100}/{100 × 25}$

= $72000/75$ = Rs. 960

New S.P.= C.P.$({100 + Profit%}/100)$

= ${960 × 125}/100$ = Rs.1200

Question : 8 [SSC MTS 2013]

By selling a fan for Rs.600, a man loses 10%. To make a gain of 20%, the selling price of the fan should be

a) Rs.900

b) Rs.700

c) Rs.800

d) Rs.1000

Answer »

Shortcut »

Answer: (c)

C.P. of fan = Rs.$({600 × 100}/90)$

Required S.P. = ${600 × 100}/90 × 120/100$ = Rs.800

Using Rule 3,

C.P. = S.P.$(100/{100 - Loss%})$

= ${600 × 100}/{100 - 10}$

C.P. = $60000/90 = 6000/9$

New S.P. = C.P. × $({100 + Profit%}/100)$

= $6000/9({100 + 20}/100) = {60 × 120}/9$ = Rs.800

Question : 9 [SSC CISF ASI 2010]

A man bought 20 dozen eggs for Rs.720. What should be the selling price of each egg if he wants to make a profit of 20% ?

a) Rs.3.25

b) Rs.3.50

c) Rs.3.60

d) Rs.3.30

Answer »

Shortcut »

Answer: (c)

Using Rule 1,

If S.P > C.P. then there will be profit

Profit = S.P. - C.P.

Profit% = ${\text"Profit" × 100}/{\text"C.P."}$

CP of 1 egg = $720/{20 × 12}$ = Rs.3

Required SP of 1 egg = $3 × 120/100$ = Rs.3.60

Question : 10 [SSC MTS 2013]

By selling a table for Rs.1140, a man loses 5%. in order to gain 5%, the table must be sold for

a) Rs.1260

b) Rs.1180

c) Rs.1250

d) Rs.1320

Answer »

Shortcut »

Answer: (a)

C.P. of table = 1140 × $100/95$ = Rs.1200

S.P. at 5% gain = ${1200 × 105}/100$ = Rs.1260

Using Rule 3,

C.P. = S.P.$(100/{100 - Loss%})$

= $1140(100/{100 - 5}) = 114000/95$ = Rs.1200

S.P. = C.P. ×$({100 + Profit %}/100)$

= $1200({100 + 5}/100)$

= $1200 × 105/100$ = Rs.1260

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 »

model 9 selling an article & interchanging its values Shortcuts »

Click to Read...

model 9 selling an article & interchanging its values Online Quiz

profit & loss Shortcuts and Techniques with Examples

quantitative aptitude CATEGORIES

» Number System

» Average

» LCM & HCF

» Percentage

» Profit & Loss

» Time & Work

» Pipes & Cisterns

» Time & Distance

» Trains

» Compound Interest

» Simplification

» Discount

» Power, Indices and Surds

RECENT BLOGS

SSC CHSL Exam Centres 2023 Tier 1 & 2: State-Wise Apply Link Read more...

SSC CHSL 2023 Tier 2: Syllabus PDF & Exam Pattern [Changed] Read more...

SSC CHSL Tier 1 Revised Syllabus 2023 & New Topics List PDF Read more...

SSC CHSL 2023 Tier 2 New Revised Exam Pattern & Syllabus PDF Read more...

Recently Added Subject & Categories For All Competitive Exams

Classification Reasoning MCQ For IBPS Clerk Prelims 2024

Most Important 100+ Classification based Verbal Reasoning Ability Multiple choice questions and answers PDF, Free New Mock tests For IBPS Clerk Prelims 2024

03-May-2024 by Careericons

Ratio and Proportion Questions with Solutions, IBPS Clerk

New Ratio and Proportion Quants Aptitude based Multiple Choice Questions and Answers Practice Test Series, Quiz & Mock Test for IBPS Clerk Prelims 2024 Exam

02-May-2024 by Careericons

Top Analogy Reasoning Ability For IBPS Clerk Prelims 2024

Most Important Analogy based Verbal Reasoning Multiple choice questions and answers practice quiz series PDF, Free New Mock tests For IBPS Clerk Prelims 2024

01-May-2024 by Careericons

SSC STENO: Mensuration Area & Volume Questions Test PDF

Free Mensuration Area and Volume Aptitude-based Practice multiple questions with solutions, Quiz, Full Mock Test & PDF for SSC Steno (Grade C & D) 2024 Exam

30-Apr-2024 by Careericons