model 4 sold & brought 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 : 1 [SSC CGL Prelim 1999]

Oranges are bought at rate of 7 for Rs.3. At what rate per hundred must they be sold to gain 33%?

a) Rs.60

b) Rs.58

c) Rs.56

d) Rs.57

Answer »

Shortcut »

Answer: (d)

Cost price of 1 orange = Rs.$3/7$

Cost price of 100 oranges

= $3/7 × 100 = 300/7$

100% = $300/7$

133% = $300/7 × 133/100$ = Rs.57

Question : 2 [SSC CGL Prelim 1999]

A man buys 12 articles for Rs.12 and sells them at the rate of Rs.1.25 per article. His gain percentage is :

a) 25%

b) 15%

c) 20%

d) 18%

Answer »

Shortcut »

Answer: (a)

Using Rule 1,

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

Profit = S.P. - C.P.

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

C.P. = 12; S.P. = 12 × 1.25 = 15

Total Profit = 15 - 12 = 3

% gain = $3/12 × 100$ = 25%

Question : 3 [SSC CGL Prelim 2000]

12 copies of a book were sold for Rs.1800/- thereby gaining costprice of 3 copies. The cost price of a copy is :

a) Rs.150/-

b) Rs.1200/-

c) Rs.120/-

d) Rs.1500/-

Answer »

Shortcut »

Answer: (c)

Let the cost price of 1 book be x

Cost price of 3 books = 3x

and, cost price of 12 books = 12x

Selling price of 12 books = 1800

= 12x + 3x = 15x

15x = 1800; x = $1800/15 = 120$

The cost price of each book = Rs.120

Question : 4 [SSC CGL Prelim 2002]

If I would have purchased 11 articles for Rs.10 and sold all the articles at the rate of 10 for Rs.11, the profit per cent would have been :

a) 11%

b) 21%

c) 10%

d) 100%

Answer »

Shortcut »

Answer: (b)

C.P. of an article = Rs.$10/11$

S.P. of an article = Rs.$11/10$

Profit = $11/10 - 10/11$

= ${121 - 100}/110 = Rs.21/110$

Profit % = ${{21/110} × 100}/{10/11}$

= $2100/110 × 11/10$ = 21%

Using Rule 13,
If the total cost of 'a' articles having equal cost is Rs.x
and the total selling price of 'b' articles is Rs.y,
then in the transaction gain or loss per cent is given by
$({ay - bx}/{bx})$ × 100%
Where positive value signifies 'profit'
and negative value signifies 'loss'

Here, a = 11, x = 10, b = 10, y = 11

Gain% = $({ay - bx}/{bx}) × 100%$

= $({11 × 11 - 10 × 10}/{10 × 10}) × 100%$

= $({121 - 100}/100) × 100%$ = 21%

Question : 5 [SSC CGL Prelim 2002]

A person buys some pencils at 5 for a rupee and sells them at 3 for a rupee. His gain per cent wll be :

a) 76$2/3$%

b) 56$2/3$%

c) 66$2/3$%

d) 46$2/3$%

Answer »

Shortcut »

Answer: (c)

C.P. of 5 pencils = Rs.1.

S.P. of 5 pencils = Rs.$5/3$

Gain = $5/3 - 1 = 2/3$

Gain % = ${2/3}/1 × 100 = 66{2}/3%$

Using Rule 13,

Here, a = 5, x = 1, b = 3, y = 1

Gain% = $({ay - bx}/{bx} × 100%)$

= ${5 - 3}/3 × 100% = 200/3 = 66{2}/3%$

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 4 sold & brought Shortcuts »

Click to Read...

model 4 sold & brought 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

New 100+ Compound Interest MCQ with Answers PDF for IBPS

Compound Interest verbal ability questions and answers solutions with PDF for IBPS RRB PO. Aptitude Objective MCQ Practice Exercises all competitive exams

02-Jul-2024 by Careericons

100+ Mixture and Alligation MCQ Questions PDF for IBPS

Most importantly Mixture and Alligation multiple choice questions and answers with PDF for IBPS RRB PO. Aptitude MCQ Practice Exercises all Bank Exams

02-Jul-2024 by Careericons

IBPS Profit and Loss Questions Solved Problems with PDF

Most important Profit and Loss multiple choice questions and answers with PDF for IBPS RRB PO. 100+ Aptitude MCQ Practice Exercises all competitive exams

28-Jun-2024 by Careericons

100+ Average Aptitude Questions Answers solutions MCQ PDF

New Average multiple choice questions and answers with PDF for IBPS RRB PO. 100+ Quantitative Aptitude MCQ Practice Exercises all competitive exams

28-Jun-2024 by Careericons