model 7 sold at loss Practice Questions Answers Test with Solutions & More Shortcuts

Question : 16 [SSC CGL Prelim 2008]

A businessman sells a commodity at 10% profit. If he had bought it at 10% less and sold it for Rs.2 less, then he would have gained 16$2/3%$. The cost price of the commodity is

a) Rs.32

b) Rs.48

c) Rs.36

d) Rs.40

Answer: (d)

Let the first CP of the commodity be Rs.100.

First SP = Rs.110; Second CP = Rs.90

Gain% = $50/3%$

Second SP = $(100 + 50/3)%$ of 90

= Rs.$(90 × 350/300)$ = Rs.105

Difference of first and second S.P.

= Rs.(110–105) = Rs.5

Since, If the difference is Rs.5, the CP = Rs.100.

Since, If the difference be Rs.2, the

CP = $100/5 × 2$ = Rs.40

Question : 17 [SSC SO 2003]

A shopkeeper sells an article at a loss of 12$1/2%$. Had he sold it for Rs.51.80 more, he would have earned a profit of 6%. The cost price of the article is

a) Rs.280

b) Rs.400

c) Rs.300

d) Rs.380

Answer: (a)

Let the C.P. of article be Rs.x.

S.P. = ${175x}/200$

New S.P. = Rs.$({7x}/8 + 51.80)$

${175x}/200 + 51.8 = 106/100 × x$

${106x}/100 - {175x}/200 = 51.8$

${212x - 175x}/200 = 51.8$

37 x = 51.8 × 200

$x = {51.8 × 200}/37$ = Rs.280

Using Rule 11,

Here, x = 12.5%, R = Rs.51.80, y = 6%

C.P. = ${R × 100}/{y + x}$

= ${51.80 × 100}/{12.5 + 6}$

= $5180/{18.5}$ = Rs.280

Question : 18 [SSC CGL Tier-II 2015]

The profit obtained by selling an article for Rs.625 is same as the loss incurred if it is sold for Rs.545. The price at which it is to be sold to realize a profit of Rs. 65 on the cost price is

a) Rs.640

b) Rs.660

c) Rs.630

d) Rs.650

Answer: (d)

Let C.P. of article be Rs.x.

According of the question,

625 - x = x - 545

2 x = 625 + 545 = 1170

x = $1170/2$ = Rs.585

Required S.P. = Rs.(585 + 65) = Rs.650

Question : 19 [SSC CPO S.I.2006]

A man sells an article at 10% loss. If he had sold it at Rs.10 more, he would have gained 10%. The cost price of the article is

a) Rs.50

b) Rs.110

c) Rs.55

d) Rs.100

Answer: (a)

Let the C.P be Rs.x.

First selling price = 90% of x = Rs.${9x}/10$

Second selling price = $({9x}/10 + 10)$

110% of $x = ({9x}/10 + 10)$

${11x}/10 = {9x}/10 + 10 ⇒ {2x}/10 = 10$

$x = {10 × 10}/2 = 50 = Rs.50$

Using Rule 11,

Here, x = 10%, R= 10, y = 10%

C.P. = ${R × 100}/{y + x}$

= ${10 × 100}/{10 + 10}$ = Rs.50

Question : 20 [SSC CGL Tier-II 2012]

A man purchased 150 pens at the rate of Rs.12 per pen. He sold 50 pens at a gain of 10%. The percentage gain at which he must sell the remaining pens so as to gain 15% on the whole outlay is

a) 21$1/2%$

b) 17$1/2%$

c) 20%

d) 17%

Answer: (b)

Required S.P. of 150 pens.

= 150 × 12 × $115/100$ = Rs.2070

S.P. of first 50 pens

= ${50 × 12 × 110}/100$ = Rs.660

Required S.P. of 100 pens

= 2070 - 660 = Rs.1410

C.P. of 100 pens = Rs.1200

Gain per cent = $210/1200 × 100$

= $35/2 = 17{1}/2%$

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