InterviewSolution
This section includes InterviewSolutions, each offering curated multiple-choice questions to sharpen your knowledge and support exam preparation. Choose a topic below to get started.
| 1. |
P alone can do 1/2 of a work in 6 days and Q alone can do 2/3 of the same work in 4 days. In how many days working together, will they finish 3/4 of the work? |
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Answer» 1/2 of the work is done by P in 6 days ∴ Full work is done by P in 6/1/2 = 6 × 2 = 12 days 2/3 of work done by Q in 4 days. ∴ Full work done by Q in 4/2/3 = 4 × 3/2 = 6 days (P + Q) will finish the whole work in ab/(a+b) days = (12×6)/(12+6) = (12×6)/18 = 4 days (P + Q) will finish 3/4 of the work in 4 × 3/4 = 3 days |
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| 2. |
P and Q can do a piece of work in 12 days and 15 days respectively. P started the work alone and then, after 3 days Q joined him till the work was completed. How long did the work last? |
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Answer» p can do a piece of work in 12 days. ∴ p’s 1 day work = 1/12 p’s 1 day work = 3 × 1/12 = 3/12 Q can do a piece of work in 15 days. ∴ Q’s 1 day work = 1/15 Remaining work after 3 days = 1 – 3/12 = 9/12 (P + Q)’s 1 day work = 1/12 + 1/15 = 5/60 + 4/60 = 9/60 Number of days required to finish the remaining work = Remaining work/(P+Q)′s 1 day work = 9/12/9/60 = 9/12 × 60/9 = 5 Remaining work lasts for 5 days. Total work lasts for 3 + 5 = 8 days. |
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| 3. |
If m persons can complete a work in n days, then 4m persons can complete the same work in ……….. days and m/4 persons can complete the same work in…….. days. |
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Answer» Given m persons complete a work in n days (i) Then work measured in terms of Man days = mn 4 m men do the work it will be completed in mn/4m days = n/4 days. (ii) m/4 persons can complete the same work in mn/m/4 days = 4mn/m = 4n days |
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| 4. |
The number of conversion periods, if the interest on a principal is compounded every two months is ……………(a) 2(b) 4(c) 6(d) 12 |
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Answer» (c) 6 Conversion period is the time period after which the interest is added to the principal. If principal is compounded every two months then in a year, there will be 6 12/2 conversation periods. |
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| 5. |
Find the compound interest on ₹ 3200 at 2.5% p.a for 2 years, compounded annually. |
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Answer» Principal (P) = ₹ 3200 r = 2.5% p.a n = 2 years comp, annually ∴ Amount (A) = (1 + r/100)n = (1 + 2.5/100)2 = 3200 x (1.025)2 = 3362 Compound interest (Cl) = Amount – Principal = 3362 – 3200 = ₹ 162 |
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| 6. |
The compound interest on ₹ 5000 at 12% p.a for 2 years compounded annually is ……….. |
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Answer» ₹ 1272 Compound Interest (Cl) formula is Cl = Amount – Principal Amount = A (1 + r/100)n = 5000 (1 + 12/100)2 = 5000 (1 + 112/100)2 = 6272 ∴ Cl = 6272 – 5000 = ₹ 1272 |
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| 7. |
Magesh invested ₹ 5000 at 12% p.a for one year. If the interest is compounded half yearly, find the amount he gets at the end of the year. |
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Answer» Principal (P) = ₹ 5000 Interest compounded half yearly r = 12% p.a = 12/2 = 6% for half yearly t = 1 yr. Since compounded half yearly, the formula to be used is Amount A = P (1 + r/100)2n A = 5000 (1 + 6/100)2×1 = 5000 x (106/100)2 = ₹ 5618 |
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| 8. |
If the profit earned on selling an article for ₹ 810 is the same as loss on selling it for ₹ 530, then find the cost price of the article. |
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Answer» Case 1: Profit = Selling price (SP) – Cost price (CP) Case 2: Loss = Cost price (CP) – Selling price (SP) Given that profit of case 1 = loss of case 2 ∴ P = 810 – CP L = CP – 530 Since profit (P) = loss (L) 810 – CP = CP – 530 ∴ 2CP = 810 + 530 = 1340 ⇒ C.P = 1340/2 ∴ CP = 670 |
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| 9. |
The amount if the compound interest is calculated quarterly, is found using the formula …………. |
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Answer» A = P (1 + r/400)4n Quarterly means 4 times in a year. ∴ The formula for compound interest is A = P (1 + r/400)4n |
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| 10. |
The difference between the S.I and C.I for 2 years for a principal of ₹ 5000 at the rate of interest 8% p.a is ……. |
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Answer» ₹ 32 Difference between S.I & C.I is given by the formula CI – SI = P (r/100)2 Principal (P) = 5000, r = 8% p.a ∴ CI – SI = 5000 (8/100)2 = 5000 x 8/100 x 8/100 = ₹ 32 |
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| 11. |
Fill in the blanks:Selling price = Marked price – ………… |
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Answer» Selling price = Marked price – Discount. |
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| 12. |
Fill in the blanks:Loss % = ……….. |
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Answer» (Loss/C.P x 100)% |
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| 13. |
Fill in the blanks:The formula to find the increased quantity ……… |
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Answer» I = (1 + x/100) |
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| 14. |
Fill in the blanks:Cost price = Cost price + ………. |
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Answer» Over head expenses |
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| 15. |
Fill in the blanks:Gain or profit % …….. |
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Answer» (Profit/C.P x 100)% |
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| 16. |
Fill in the blanks:Percent is useful in ……… |
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Answer» Comparing quantities easily |
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| 17. |
Fill in the blanks:Percent means ………. |
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Answer» Per hundred or out of hundred. |
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| 18. |
Say True or False:Depreciation value is calculated by the formula P (1 – r/100)n. |
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Answer» True Depreciation formula is P (1 – r/100)n |
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| 19. |
15 men earn Rs 900 in 5 days, how much will 20 men earn in 7 days? |
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Answer» In one day 15 men earn Rs 900 In one day 15 men earn 900/5 = Rs 180 In one day 1 men earn 180/5 = Rs 12 ∴ 1 men earn in 7 days = 12 × 7 = Rs 84 ∴ 20 men earn in 7 days = 84 × 20 = 1680 |
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| 20. |
If y% of ₹ 1000 is 600, find the value of y. |
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Answer» y% of 1000 = 600 y/100 x 1000 = 600 y = 600/10 y = 60 |
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| 21. |
If the population in a city has increased from 5,00,000 to 7,00,000 in a year, find the percentage increase in population. |
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Answer» Increase in population = 7,00,000 – 5,00,000 = 2,00,000 Percentage increase in population = 2,00,000/5,00,000 x 100 = 40% |
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| 22. |
Divide ₹ 350 among P, Q and R such that P gets 50% of what Q gets and Q gets 50% of what R gets. |
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Answer» Let R get x, Q gets 50% of what R gets ∴ Q gets = 50/100 × x = x/2 P gets 50% of what Q gets ∴ P gets = 50/100 x x/2 = x/4 Since 350 is divided among the three ∴ 350 = x + x/2 + x/4 350 = (4x+2x+x)/4 = 7x/4 = 350 x = (350×4)/7 = 200 Q gets = x/2 = 200/2 = 100, P gets = x/4 = 200/4 = 50 ∴ P = 50 Q = 100 R = 200 |
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| 23. |
What percent of a day is 10 hours? |
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Answer» In a day, there are 24 hours 10 hrs out of 24 hrs is 10/24 As a percentage, we need to multiply by 100 ∴ Percentage = 10/24 x 100 = 41.67% |
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| 24. |
Find the difference in C.I and S.I for P = ₹ 10,000, r = 4% p.a, n = 2 years. |
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Answer» C.I – S.I = P(r/100)2 = 10,000(4/100)2 = 10,000 x 4/100 x 4/100 = ₹ 16 |
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| 25. |
Find the S.I for the principal P = ₹ 16,000, r = 5% p.a, n = 3 years. |
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Answer» P = ₹ 16,000, n = 3 years, r = 5% S.I = Pnr/100 = (16000 x 3 x 5)/100 = ₹ 2400 |
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| 26. |
Find the C.I for the given Principal = ₹ 8,000, r = 5% p.a, n = 2 years |
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Answer» Amount A = P(1 + r/100)n = 8000(1 + 5/100)2 = 8000 x 105/100 x 105/100 = 8000 x 21/20 x 21/20 A = ₹ 8820 Cl = A – P = 8820 – 8000 = 820 |
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| 27. |
Say True or False:If the present population of a city is P and it increases at the rate of r % p.a, then the population n years ago would be P (1 + r/100)n. |
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Answer» False Let the population ‘n’ yrs ago be ‘x’ Present population (P) = x × (1 + r/100)n x = P/(1+r/100)n |
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| 28. |
A number when decreased by 10% becomes 900. Then find the number. |
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Answer» Let the number be ‘x’ Given x – 10/100x = 900 (100x−10x)/100 = 900 90x/100 = 900 x = (900×100)/90 = 1000 |
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| 29. |
Fill in the blanks:The formula to find the decreased quantity ……… |
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Answer» D = (1 + x/100) |
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| 30. |
By selling 5 articles, a man gains the cost price of 1 article. Find his gain percentage. |
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Answer» Let cost price of article be C.P. Let S.P of 1 articles be SP by selling 5 articles at SP he makes a gain of cost price of one article. Gain on 1 article = SP – CP; ⇒ Gain% = (SP−CP)/CP x 100 Gain on 2 articles = 2 x (SP – CP) Gain on 5 articles = 5 x (SP – CP) Given than gain on 5 articles is CP of 1 article ∴ 5(SP – CP) = CP (SP−CP)/CP = 1/5 Gain percentage (SP−CP)/CP x 100 = 1/5 x 100 % = 20% |
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| 31. |
Say True or False:The present value of a machine is ₹ 16800. It depreciates @25% p.a. Its worth after 2 years is ₹ 9450. |
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Answer» True Present value of machine = ₹ 16800 Depreciation rate (n) = 25% Value after 2 years = P (1 – r/100)n = 16800 (1 – 25/100)2 = 16800 x (1 – 1/4)2 = 16800 x 3/4 x 3/4 = 9450 |
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| 32. |
P’s income is 25% more than that of Q. By what percentage is Q’s income less than P’s? |
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Answer» Let Q’s income be 100. P’s income is 25% more than that of Q ∴ P’s income = 100 + 25/100 x 100 = 125 Q’s income is 25 less than that of P In percentage terms, Q’s income is less than P’s with respect to P’s income is (P−Q)/P x 100 = (125−100)/125 x 100 = 25/100 x 100 = 20% |
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| 33. |
What is the difference in simple interest and compound interest on 115000 for 2 years at 6% p.a compounded annually. |
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Answer» Principal (P) = ₹ 15,000 Time period (n) = 2 yrs. Rate of interest (r) = 6% p.a compounded annually Difference between CI and SI given by CI – SI = P (r/100)n = 15000 (6/100)2 = 15000 x 6/100 x 6/100 = ₹ 54 |
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| 34. |
Find the difference between the C.I and the S.I on ₹ 5000 for 1 year at 2% p.a, if the interest is compounded half yearly. |
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Answer» Principal (P) = ₹ 5000 time period (n) = 1 yr. Rate of interest (r) = 2% p.a for half yearly r = 1% Difference between Cl & SI is given by the formula CI – SI = P (r/100)2n [for half yearly compounding] CI – SI = P (1/100)2×1 = 5000 x 1/100 x 1/100 = ₹ 0.50 |
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| 35. |
The compound interest on ₹ 8000 at 10% p.a for 1 year, compounded half yearly is ………… |
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Answer» ₹ 820 Compound interest (CI) = Amount – Principal ∴ Amount = P (1 + r/100)2n [2n as it is compounded half yearly] r = 10% p.a, for half yearly r = 1 + 10/2 = 5 A = 8000 (1 + 5/100)2×1 = 8000 x (105/100)2 = 8820 CI = Amount – principal = 8820 – 8000 = ₹ 820 |
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