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 : 16 [SSC CGL Prelim 2007]
A fruit seller buys lemons at 2 for a rupee and sells them at 5 for three rupees. His profit per cent is
a) 15%
b) 20%
c) 10%
d) 25%
Answer »Answer: (b)
Suppose, number of lemons bought
= LCM of 2, 5, 3 = 30
CP =Rs.$(1/2 × 30)$ = Rs.$15$
SP = Rs.$(3/5 × 30)$ = Rs.18
Gain = Rs.3; Gain per cent = $3/15 × 100 = 20%$
Using Rule 13,
Here, a = 2, x = 1, b = 5, y = 3
Gain% = $({ay - bx}/{bx})$ × 100%
= $({2 × 3 - 5 × 1}/{5 × 1}) × 100%$
= $1/5 × 100%$ = 20%
Question : 17 [SSC CGL Prelim 2003]
By selling a tape-recorder Rs. for 950, I lose 5%. What per cent shall I gain by selling it for Rs.1040?
a) 4
b) 4.5
c) 5
d) 9
Answer »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. of the tape recorder
= $100/95 × 950$ = Rs.1000
Gain = 1040 - 1000 = Rs.40
% Gain = $40/1000 × 100 = 4%$
Question : 18 [SSC CGL Prelim 2007]
A person buys 100 cups at Rs.10 each. On the way 10 cups are broken. He sells the remaining cups at Rs.11 each. His loss per cent is
a) 1%
b) 1$1/2$%
c) $1/2$%
d) 2%
Answer »Answer: (a)
Using Rule 2
If C.P > S.P., then there will be Loss
Loss = C.P. - S.P., Loss% = ${Loss × 100}/{C.P.}$
CP of Rs.100 cups = RS.100 × 10 = Rs.1000
10 cups are broken.
SP of 90 cups = Rs.(90 ×11) = Rs.990
Loss = Rs.(1000 - 990) = Rs.10
Loss per cent = $10/1000 × 100 = 1%$
Question : 19 [SSC SO 2007]
Mohan bought 25 books for Rs.2,000 and sold them at a profit equal to the selling price of 5 books. The selling price of 1 book is
a) Rs.120
b) Rs.150
c) Rs.100
d) Rs.200
Answer »Answer: (c)
Using Rule 1,
Let the SP of 1 book = x
SP of 25 books = 25x
According to the question,
25x - 2000 = 5x
20x = 2000 ⇒ x = $2000/20$ = 100
SP of 1 book = Rs.100
Question : 20 [SSC CHSL 2011]
A shopman bought pens at the rate of 7 for Rs.10 and sold them at a profit of 40%. How many pens would a customer get for Rs.10 ?
a) 4
b) 5
c) 6
d) 3
Answer »Answer: (b)
S.P. of 7 pens = ${10 × 140}/100$ = Rs.14
S.P. of 1 pen = $14/7$ = Rs.2
Clearly, 5 pens were sold for Rs.10
Using Rule 13,
Here, a = 7, x = 10, b = ?, y = 10, Gain% = 40%
Gain% = $({ay - bx}/{bx})$ × 100%
40 = $({7 × 10 - b × 10}/{b × 10}) × 100%$
4b = 70 - 10b
14b = 70 ⇒ b = $70/14$ ⇒ b = 5
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 »