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Home Aptitude Profit and Loss Comments

  • Question
  • A person bought two bicycles for ? 1600 and sold the first at 10% profit and the second at 20% profit. If he sold the first at 20% profit and the second at 10% profit, he would get ? 5 more. The difference in the cost price of the two bicycles was


  • Options
  • A. ? 25
  • B. ? 75
  • C. ? 50
  • D. ? 40

  • Correct Answer
  • ? 50 

    Explanation

    Let the cost price of first bicycle be ? P.
    Then, the cost price of second bicycle = ? (1600 - P)

    According to the given condition,
    [20% of P + 10% of (1600 - P )] - [10% of P + 20% of (1600 - P)] = 5
    ? [(20P/100) + [10 x (1600 - P)]/100] - [(10P/100) + {20 x (1600 - P)}/100] = 5
    ? (P/5 + (1600 - P)/10) - (P/10 + (1600 - P)/5) = 5
    ? P/5 - P/10 + (1600 - P)/10 - (1600 - P)/5 = 5
    ? 2P = 1600 + 50
    ? P = 1650/2 = 825
    ? Cost of second bicycle = (1600 - 825) = ? 775
    ? Required difference = 825 - 775 = ? 50


  • Profit and Loss problems


    Search Results


    • 1. 
      A person sold a table at a gain of 15%. Had he bought it for 25% less and sold it for ? 60 less, he would have made a profit of 32%. The cost price of table was

    • Options
    • A. ? 300
    • B. ? 350
    • C. ? 375
    • D. ? 400
    • Discuss
    • 2. 
      Assuming that profit of a shopkeeper in a particular commodity is a linear expression of transportation charge (t) and the quantity of commodity (q) . He earns a profit of ? 10000 by selling 20 units at the transport charge of ? 400. He also earn a profit of ? 12000 by selling 25 units at the transport charge of ? 600. What is the linear expression in t and q?

    • Options
    • A. 600q - 5t
    • B. 500q - 4t
    • C. 600q - 4t
    • D. 500q - 5t
    • Discuss
    • 3. 
      A bookseller sells a book at a gain of 10%. if he had bought it at 4% less and sold it for ? 6 more, he would have gained 118 3/ 4%. The CP of the book is?

    • Options
    • A. ? 130
    • B. ? 140
    • C. ? 150
    • D. ? 160
    • Discuss
    • 4. 
      A merchant earns a profit of 20% by selling a basket containing 80 apples whose cost is ? 240 but he gives one-fourth of it to his friend at cost price and sells the remaining apples. In order to earn the same profit, at what price must he sell each apple?

    • Options
    • A. ? 3.00
    • B. ? 3.60
    • C. ? 3.80
    • D. ? 4.80
    • Discuss
    • 5. 
      A shopkeeper sells transistors at 15% above its cost price. If he had bought it at 5% more than what he paid for it and sold it for ? 6 more, he would have gained 10%. The cost price of the transistor is?

    • Options
    • A. ? 800
    • B. ? 1000
    • C. ? 1200
    • D. ? 1400
    • Discuss
    • 6. 
      835, 734, 642, 751, 853, 981, 532?

    • Options
    • A. 751
    • B. 853
    • C. 981
    • D. 532
    • Discuss
    • 7. 
      8, 27, 64, 100, 125, 216, 343?

    • Options
    • A. 27
    • B. 100
    • C. 125
    • D. 343
    • Discuss
    • 8. 
      1, 4, 9, 16, 20, 36, 49?

    • Options
    • A. 1
    • B. 9
    • C. 20
    • D. 49
    • Discuss
    • 9. 
      10, 25, 45, 54, 60, 75, 80?

    • Options
    • A. 10
    • B. 45
    • C. 54
    • D. 75
    • Discuss
    • 10. 
      16, 25, 36, 72, 144, 196, 225?

    • Options
    • A. 36
    • B. 72
    • C. 196
    • D. 225
    • Discuss


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