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
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New 199+ Profit & Loss Aptitude MCQs with Basic C.P & S.P »
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Top 250+ Profit & Loss Problems with Gain Lost Percentage »
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249+ Profit & Loss Aptitude MCQs Gain Lost % with C.P S.P »
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189+ Profit Loss Aptitude Sold Bought Practice MCQ Test »
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Top 179+ Profit & Loss Aptitude Practice Test for Bank Exam »
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New 189+ Profit and Loss Aptitude MCQs for All Govt Exams »
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189+ Profit and Loss Questions for All Competitive Exams »
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New 199+ Profit and Loss MCQ Test with Shortcuts, Tricks »
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Top 199+ Profit and Loss Aptitude Practice Test For UPSC »
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New 249+ Profit and Loss Questions and Answers for TNPSC »
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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 …
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