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 : 26 [SSC CGL Prelim 2002]
If an article is sold at 5% gain instead of 5% loss, the man gains Rs.5 more. Find the cost price of that article
a) Rs.100
b) Rs.110
c) Rs.105
d) Rs.50
Answer »Answer: (d)
Let the C.P. be Rs.x
x (5% + 5%) = 5 [Being 5% gain]
100% = $5/10 × 100$ = Rs.50
Using Rule 11,
Here, x = 5%, R= Rs.5, y = 5%
C.P. = ${R × 100}/{y + x}$
= ${5 × 100}/{5 + 5}$ = Rs.50
Question : 27 [SSC MTS 2013]
By selling 4 articles for 1 rupee, a man loses 4%. Had he sold three articles per rupee, the profit would have been :
a) 30%
b) 12%
c) 28%
d) 16%
Answer »Answer: (c)
C.P. of 1 article
= $1/4 × 100/96$ = Rs.$25/96$
C.P. of 3 articles = Rs.$75/96$
Gain = 1 - $75/96$
=${96 - 75}/96 = 21/96 = 7/32$
Gain per cent = ${7/32}/{75/96}$ × 100
= $7/32 × 96/75 × 100$ = 28%
Question : 28 [SSC DEO 2008]
A man sold an article at a loss of 20%. If he had sold it for Rs.50 more, he would have gained 5%. The cost price of the article was
a) Rs.250
b) Rs.200
c) Rs.300
d) Rs.180
Answer »Answer: (b)
Let the CP of the article be Rs.x
SP of the article at 20% loss
= $x × 80/100 = {4x}/5$
In second case,
${4x}/5 + 50 = {105x}/100$
${4x}/5 + 50 = {21x}/20$
${21x}/20 - {4x}/5 = 50$
${21x - 16x}/20 = 50$
${5x}/20$ = 50 ⇒ x = Rs.200
Using Rule 11,A man sells his items at a profit/loss of x%.If he had sold it for Rs. R more,he would have gained/lost y%. Then. C.P. of items = $R/{(y ± x)}$ × 100'+' = When one is profit and other is loss.'–' = When both are either profit or loss.
Here, x = 20%, R= 50, y = 5%
C.P. = ${R × 100}/{y + x}$
= ${50 × 100}/{20 + 5}$
$= {50 × 100}/25$ = Rs.200
Question : 29 [SSC CAPFs SI 2013]
An article was sold at 16% gain. Had it been sold for Rs.200 more, the gain would have been 20%. Then the cost price of the article is:
a) Rs.5000
b) Rs.5200
c) Rs.4800
d) Rs.4500
Answer »Answer: (a)
If the C.P. of article be Rs.x, then
$x × 116/100 + 200 = {x × 120}/100$
$x × 4/100$ = 200
$x = {200 × 100}/4$ = Rs.5000
Using Rule 11,
Here, x = 16%, R= 200, y = 20%
C.P. = ${R × 100}/{y - x}$
= ${200 × 100}/{20 - 16}$ = Rs.5000
Question : 30 [SSC CGL Tier-I 2016]
A T.V was sold at a profit of 5%. If it had been sold at a profit of 10%, the profit would have been Rs.1000 more. What is its cost price ?
a) Rs.20000
b) Rs.15000
c) Rs.5000
d) Rs.10000
Answer »Answer: (a)
Let the C.P. of television be Rs.x.
According to the question,
(10 - 5)% of x = 1000
x × $5/100$ = 1000
$x = {1000 × 100}/5$ = Rs.20000
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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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