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
Question : 6 [SSC CGL Prelim 2003]
100 oranges are bought for Rs.350 and sold at the rate of Rs.48 per dozen. The percentage of profit or loss is :
a) 15% gain
b) 14$2/7$% loss
c) 15% loss
d) 14$2/7$% profit
Answer »Answer: (d)
C.P. of 100 oranges = Rs.350
S.P. of 12 oranges = Rs.48
S.P. of 100 oranges
= $48/12 × 100$ = Rs.400
Profit = Rs. (400 - 350) = Rs.50
Profit % = $50/350 × 100 = 100/7 = 14{2}/7%$
Using Rule 13,
Here, a = 100, x = 350, b = 100, y = $48/12$ × 100 = 400
Gain% = $({ay - bx}/{bx})$ × 100%
= ${100 × 400 - 100 × 350}/{100 × 350}$ × 100%
= ${40 - 35}/35 × 100%$
= $100/7% = 14{2}/7$%
Question : 7 [SSC CGL Prelim 2003]
Oranges are bought at the rate of 10 for Rs.25 and sold at the rate of 9 for Rs.25. The profit percent is
a) 10%
b) 11$1/9$%
c) 9$1/11$%
d) 12$1/2$%
Answer »Answer: (b)
Suppose the number of oranges bought
= LCM of 10 and 9 = 90
C.P. of 90 oranges = $25/10 × 90$ = Rs.225
S.P. of 90 oranges = $25/9 × 90$ = Rs.250
Profit % = $25/225 × 100 = 100/9 = 11{1}/9%$
Using Rule 13,
Here, a = 10, x = 25, b = 9, y = 25
Gain% = $({ay - bx}/{bx})$ × 100%
= $({10 × 25 - 9 × 25}/{9 × 25}) × 100%$
= $({250 - 225}/{9 × 25}) × 100% = 100/9 = 11{1}/9%$
Question : 8 [SSC SO 2003]
The cost price of two dozen bananas is Rs.32. After selling 18 bananas at the rate of Rs.12 per dozen, the shopkeeper reduced the rate to Rs.4 per dozen. The per cent loss is
a) 32.4%
b) 36.5%
c) 25.2%
d) 37.5%
Answer »Answer: (d)
Using Rule 2
If C.P > S.P., then there will be Loss
Loss = C.P. - S.P., Loss% = ${Loss × 100}/{C.P.}$
Total C.P. = Rs.32
Total S.P. = Rs.(18+2) = Rs.20
Loss = Rs.(32-20) = Rs.12
Loss per cent = $12/32 × 100$ = 37.5%
Question : 9 [SSC CGL Prelim 2007]
Some articles were bought at 6 for Rs.5, and sold at 5 for Rs.6. Gain per cent is :
a) 6%
b) 30%
c) 5%
d) 44%
Answer »Answer: (d)
Let number of articles bought = 6 × 5 = 30
C.P. of 30 articles = Rs.$(5/6 × 30)$ = Rs.25
S.P. of 30 articles = Rs.$(6/5 × 30)$ = Rs.36
Gain % = ${36 - 25}/25 × 100$ = 44%
Using Rule 13,
Here, a = 6, x = 5, b = 5, y = 6
Gain% = $({ay - bx}/{bx})$ × 100%
= $({6 × 6 - 5 × 5}/{5 × 5})$ × 100%
= $({36 - 25}/25) × 100% = 11/25 ×100%$ = 44%
Question : 10 [SSC CGL 2012]
Ramesh bought 10 cycles for Rs.500 each. He spent Rs.2,000 on the repair of all cycles. He sold five of them for Rs.750 each and the remaining for Rs.550 each. Then the total gain or loss % is
a) Loss of 8$1/3$%
b) Gain of 7$2/3$%
c) Gain of 8$1/3$%
d) Loss of 7$1/7$%
Answer »Answer: (d)
Using Rule 2,
Total actual C.P. = Rs.(500 × 10 + 2000) = Rs.7000
And total S.P. = Rs.(5 × 750 + 5× 550)
= Rs.(3750 + 2750) = Rs.6500
Loss = 7000 - 6500 = Rs.500
Loss percent = $500/7000 × 100 = 50/7 = 7{1}7%$
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 »
-
New 249+ Profit and Loss Questions and Answers for TNPSC »
model 4 sold & brought Shortcuts »
Click to Read...model 4 sold & brought 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 …
quantitative aptitude CATEGORIES
RECENT BLOGS
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
Continue Reading »
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
Continue Reading »
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
Continue Reading »
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
Continue Reading »