model 7 sold at loss 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 : 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 »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 »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 »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 »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 »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 = $210/1200 × 100$
= $35/2 = 17{1}/2%$
IMPORTANT quantitative aptitude EXERCISES
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New 199+ Profit & Loss Aptitude MCQs with Basic C.P & S.P »
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249+ Profit & Loss Aptitude MCQs Gain Lost % with C.P S.P »
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189+ Profit Loss Aptitude Sold Bought Practice MCQ Test »
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Top 179+ Profit & Loss Aptitude Practice Test for Bank Exam »
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New 189+ Profit and Loss Aptitude MCQs for All Govt Exams »
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189+ Profit and Loss Questions for All Competitive Exams »
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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 »
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New 249+ Profit and Loss Questions and Answers for TNPSC »
model 7 sold at loss Shortcuts »
Click to Read...model 7 sold at loss 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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