model 4 sold & brought Practice Questions Answers Test with Solutions & More Shortcuts

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: (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: (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: (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: (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: (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

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