Saved Bookmarks
This section includes 7 InterviewSolutions, each offering curated multiple-choice questions to sharpen your Current Affairs knowledge and support exam preparation. Choose a topic below to get started.
| 1. |
As part of Diwali dhamaka offer,a jeweller allows a discount of 15%. Even after giving the discount, he makes a profit of 6.25%. Anil bought a gold chain which was marked at ₹ 5000. Find the cost price of this chain for the jeweller. |
|
Answer» Marked price of the chain=₹ 5000 Discount given=15% `implies S.P.=M.P.((100-"Discount Percentage"))/(100)=(5000)((100-15)/(100))=₹ 4250` `:.` The selling price of the chain =₹ 4250 Also given that the jeweller makes a profit of 6.25% `implies C.P.=(S.P.(100))/((100+"Profit Percentage"))=((4250)(100))/((100+6.25))=₹ 4000` `:.` The cost price of the chain=₹ 4000. |
|
| 2. |
A fruit merchant bought some bananas. One fourth of them got spoiled. He sold another one-fourth of them at 24% loss and the remaining at 18% profit. Find his overall loss percentage.A. `19%`B. `22%`C. `3%`D. `6%` |
|
Answer» Correct Answer - B Suppose the merchant bought 100 bananas. 25 of them got spoiled. 25 of them were sold at 24% loss and the remaining 50 of them were sold at 18% profit. Let the cost price of each banana be ₹ x. `:.` Total cost price ₹ 100x Total selling price (in ₹ )=(25)(0)+(25) `(x)(1-(24)/(100))+(50)(x)(1-(18)/(100))` `=(0+19+59)x=78x`, which is less than total C.P. `:.` An overall loss is made. `:.` Overall loss=₹ 22x `:.` Overall loss percentage`=(22x)/(100x)(100)%` `=22%` |
|
| 3. |
The compound interest on half-yearly rests on Rs.10,000 the rate for the first and second years being 6% and for the third year 9% p.a. is |
|
Answer» Principal amount is Rs.10,000. 6% is the rate for `1^(st)`and `2^(nd)` year and 9% for the `3^(rd)` year. For half yearly we half the rate so 3% for `1^(st)` and `2^(nd)` year and `4.5%` for`3^(rd)` year and double the time period so 6 half yrs. Compound interest=total amount- principal amount =>`10,000(1+3/100)^4(1+9/200)^2-10,000` =>` Rs.2290` |
|
| 4. |
A loan of Rs 12300 at 5% per annum compound interest, is to be repaid in two equal annual installments at the end of every year. Find the amount of each installment. |
| Answer» `P = 12300``R = 5%``SI = (P*R*T)/100``rArr (12300*5*1)/100 = Rs. 615`Let first installment be `Rs. x`After 1 year total amount `= 12300 + 615 = 12915`Remaining `= 12915 - x`, which is principal for next year.`SI = ((12915-x)*5*1)/100 = (12915-x)/20``2x = (12915-x)/20 + 12915``rArr 40x = 12915 - x + 20*12915``rArr 41x = 12915*(1+20)``rArr x= (12915*21)/41``rArr x = 6615`So, each installment is of `Rs. 6,615` | |
| 5. |
Profit earned byselling an article for Rs. 1060 is 20% more than the loss incurred by sellingthe article for Rs. 950. At what price should the article he sold to earn 20%profit?`R s .980`b. `R s .1080`c. `R s .1800`d. none of these |
|
Answer» Cost Price `= Rs. x` P = `120% L``1060-x=120/100*(x-950)` `5300-5x = 6x-5700` `11x = 5300+5700 = 11000` therefore, `x= Rs.1000` Now, selling price `=120% of 1000 = 120/100*1000`Therefore, selling price for the given article is `Rs. 1200` i.e. none of these. |
|
| 6. |
The cost price of 20 pens is equal to the selling price of 15 pens. The gain per cent isA. 0.24B. `33(1)/(3)%`C. 0.18D. `16(2)/(3)%` |
|
Answer» Correct Answer - B Consider the C.P. of each pen as ₹ 1 and proceed. |
|
| 7. |
If S.P.=₹750, discount =₹25%, then M.P. isA. ₹800B. ₹900C. ₹1000D. ₹1100 |
|
Answer» Correct Answer - C Apply the formula for M.P. |
|
| 8. |
The cost of an item is 20% less than its marked price. At what percentage above its cost price is the item marked?A. 0.1B. 0.12C. 0.2D. 0.25 |
|
Answer» Correct Answer - D Consider the M.P. as ₹ 100 and proceed. |
|
| 9. |
A bought a book for ₹ 500 and sold it to B at profit of 10%. B in turn sold the book to C for a profit of ₹ 44. Then the price at which C bought the book was |
|
Answer» (a) C.P. of A=₹ 500 (b) S.P.for `A=10% of 500+500` =₹ 550 =C.P. of B (c ) C.P. of C=C.P. of B +₹ 44 `=550+44` `=₹ 594` |
|
| 10. |
A bicycle was sold at a gain of 20%.Had it been sold for ₹ 89 more, the gain would have been 25%. Find the cost pirce of the bicycle.A. ₹ 1780B. ₹ 1800C. ₹1750D. ₹1775 |
|
Answer» Correct Answer - A A.P. under given conditions are `(120)/(100)` C.P. and `(125)/(100)`C.P. |
|
| 11. |
If a book bought for ₹500 is sold to make a profit of 25% , then the selling price isA. ₹ 600B. ₹ 625C. ₹ 700D. ₹ 650 |
|
Answer» Correct Answer - B Apply the formula for S.P. |
|
| 12. |
The marked price of a bicycle is ₹1728. By selling it at a discount of 25%, the loss is 20%. The cost price of the bicycle isA. ₹1800B. ₹1764C. ₹1620D. ₹1656 |
|
Answer» Correct Answer - C Evaluate S.P. and then C.P. |
|
| 13. |
The selling price of two articles is the same. One is sold at 25% profit and the other is sold at 25% loss. What is the effective profit/loss percentage? |
| Answer» Correct Answer - Loss of 6.25% | |
| 14. |
A retailer buys a ratio for ₹425. His overhead expenses are ₹ 55. If the sells the ratio for ₹ 560, then the profit percentage isA. `12.5%`B. `16.67%`C. `18.5%`D. `13.3%` |
|
Answer» Correct Answer - B Overheads are also included in C.P. |
|
| 15. |
A retailer bought some tables for ₹ 4000. He spent ₹ 1000 on transportation charges. He sold them for ₹ 6000. Find his profit percentage.A. `20%`B. `25%`C. `16(2)/(3)%`D. `33(1)/(3)%` |
|
Answer» Correct Answer - A Total expenditure incurred on the tables (in ₹)=4000+1000=5000 Selling price of the tables =₹ 6000 The profit percentage `=(6000-5000)/(5000)` `(100)%=20%` |
|
| 16. |
A vender bought 5 lemous for a rupee. How many lemons must be sold for ₹ 7 to gain `16(2)/(3)` ?A. 30B. 35C. 49D. None of these |
|
Answer» Correct Answer - A (i) Apply formula. (ii) S.P.`=(c.P.xx(100+"gain"))/(100)=(7)/(6)C.P.` (iii) Now, S.P.=₹ 7, then C.P.=₹6. (iv) Number of lemons bought for ₹ 6 and number of lemons sold for ₹7 are equal. |
|
| 17. |
A book with a marked price of ₹ 600 is available at a discount of 18%.Find the discount given and also the price at which the book is available for sale. |
|
Answer» Marked price of the book =₹ 600 Discount given =18% Discount`=M.P.("Discount Percentage")/(100)=600((18)/(100))=₹ 108` `:.` The discount given on the back=₹ 108 We know that S.P.=M.P.-Discount S.P.=₹ (600-108)=₹ 492 `:.` The book is available for ₹ 492. |
|
| 18. |
The merchant allows a discount of 10% on an article before selling it to his customer and still gains 10%. If the merchant bought the article for ₹ 1620, then at what price did he mark the article ?A. ₹ 1872B. ₹ 1980C. ₹ 2080D. ₹ 2006 |
|
Answer» Correct Answer - A (i) Appy formula. (ii) Find S.P. as C.P. and gain % is given. (iii) Use `S.P.=(M.P.(100-d))/(100)` and find M.P. |
|
| 19. |
Karthik marked an article at 60% above its cost price. He sold it at profit after 2 successive discounts of 10% each. Find the profit percentage.A. `40%`B. `35.5%`C. `20%`D. `29.6%` |
|
Answer» Correct Answer - D Let the cost price of the article be ₹ 100. Its marketed price`=100(1+(60)/(100))` ₹ 160 Its selling price=₹ 160 `(1-(10)/(100))-(1-(10)/(100))` `=129.6` `:.` Profit percentage =29.6% |
|
| 20. |
The marked price of a radio is ₹ 1200. Find the discount percentage allowed on the radio if it is sold for ₹ 1050. |
|
Answer» Marked price of the ratio=₹ 1200 Selling price of the ratio =₹ 1050 Discount =M.P.-S.P.`=₹ (1200-1050)=₹ 150` `:.` Discount Percentage `=("Discount")/(M.P.)(100%)=(150)/(1200)(100%)=12.5%` |
|
| 21. |
A merchant gets a profit of 20% by allowing a discount of 10%.Instead, if he allows a discount of 15%, then what would be his loss or profit percentage ? |
| Answer» Correct Answer - `13(1)/(3)%` | |
| 22. |
Directions for questions 41 and 42 : A reduction of 20% in the price of mangoes per dozen enables a purchaser to bu 5 dozens more for ₹ 1800. Find the following. Price per dozen after reduction is ? |
| Answer» Correct Answer - ₹72 | |
| 23. |
X, Y and Z marked an article at ₹ 4000 each. X sold it after giving successive discounts of 20% and 40%. Y sold it after giving a 60% discount . Z sold it after giving two successive discounts of 30% each. The maximum selling price is (in ₹)A. 1920B. 1960C. 1740D. 1900 |
| Answer» Correct Answer - B | |
| 24. |
After giving two successive discounts, a shirt with a marked price of ₹ 200 is available at ₹ 100. If the second discount is 20%, then the first discount is |
| Answer» Correct Answer - `37(1)/(2)%` | |
| 25. |
The marked price of a radio was ₹ 2400.It was sold after a discount of 20%. If the percentage of profit was 20%, then find its cost price (in ₹).A. 1500B. 1600C. 1200D. 1800 |
|
Answer» Correct Answer - B Let the cost price of the ratio be x. Profit (in ₹)`=(20)/(100)x=0.2x` Selling price=₹ 1.2x. Discount offered (in ₹)`=(20)/(100)(2400)=480` `1.2x=2400-480 implies x=1600` |
|
| 26. |
An article is marked at ₹ 900.After giving a discount of 20% ,it is sold at a profit of 20%.Find the cost price of the article. |
| Answer» Correct Answer - ₹600 | |
| 27. |
An article is sold for ₹5100 after a discount of 15% was offered on it.Find the marked price of the marked price of the article. |
| Answer» Correct Answer - ₹6000 | |
| 28. |
If ₹175 is the discount offered on an article whose marked price is ₹900, find its selling price. |
| Answer» Correct Answer - ₹725 | |
| 29. |
A profit of 12% can be earned by selling an article after offering a discount of ₹ 200.If the cost proce of the article is ₹ 850, then find its marked price. |
| Answer» Correct Answer - ₹ 1152 | |
| 30. |
A trader marks his goods at 5% above its cost price. What is the rate of discount offered by him if he sells them at a loss of 10%? |
| Answer» Correct Answer - `14(2)/(7)%` | |
| 31. |
In a class, the average marks of boys is 520 and that of the girls is 420. If the average marks per student is 500, the percentage of boys in the class is ……. |
| Answer» Correct Answer - ₹80 | |
| 32. |
The loss made by selling 10 m of a cloth equals to the cost price of 3 m of the same cloth. Find the loss percentage. |
| Answer» Correct Answer - 0.3 | |
| 33. |
Raju sold his car for Rs. 126000 at a gain of 5%. In order to gain 10%, at what price should he sell the car?A. ₹ 130000B. ₹ 128000C. ₹ 132000D. ₹ 134000 |
|
Answer» Correct Answer - C Apply formula. |
|
| 34. |
Subash and Harsha ₹ x and ₹ y in a business for a period of 9 months and 12 months respectively. If the profits earned by Subash and Harsha at the end of the year are the same, then `x:y` isA. `3:4`B. `2:3`C. `4:3`D. `11:12` |
|
Answer» Correct Answer - C (i) Investment X time period of both partners are equal. (ii) Ratio of profits=`1:1` (iii) `x xx9=yxx12` |
|
| 35. |
If S.P.=₹ 900 and loss=25%, then C.P. isA. ₹1200B. ₹1033C. ₹1150D. ₹1250 |
|
Answer» Correct Answer - A Apply the formula for C.P. |
|
| 36. |
Rakesh started a book stall with an investment of ₹ 18000 and Rohan joined him later with an investment of ₹ 15000.If the ratio of their profits at the end of the year is 12:5, then after how many months did Rohan join Rakesh ? |
| Answer» The ratio of investment is equal to the ratio of profits. | |
| 37. |
A shopkeeper bought a cycle for ₹ 1200 and solid it for ₹ 1500. Find his profit (or) loss percentage. |
|
Answer» Cost price of the cycle=₹ 1200 Selling price of the cycle=₹ 1500 S.P. `gt` C.P. `implies` there is a gain `implies` Gain=S.P.-C.P.=1500-1200=₹ 300 Gain Percentage `=("Gain")/(C.P.)(100%)=(300)/(1200)(100%)=25%` `:.` The shopkeeper makes a profit of 25%. |
|
| 38. |
Ajit sold a watch to Balu at 20% profit.If the cost price for Balu was ₹15 more than the cost price for Ajit, find the cost price of Ajit. |
| Answer» Correct Answer - ₹75 | |
| 39. |
What is the loss percent if a man loses ₹ 120 on selling an article for ₹1380 ? |
| Answer» Correct Answer - 8% | |
| 40. |
By what fraction the S.P. must be multiplied to get the C.P., if the loss % is 20%. |
| Answer» Correct Answer - `(5)/(4)` | |
| 41. |
What is the ratio by which the C.P. has to be multiplied to get the S.P., if the profit is 10% |
| Answer» Correct Answer - `(11)/(10)` | |
| 42. |
If S.P. =₹ 25 and C.P. =₹ 30, then loss percent is …………. |
| Answer» Correct Answer - `16(2)/(3)%` | |
| 43. |
A profit of 10% can be made by selling an article for ₹759. The cost price of the article isA. ₹840B. `₹770.50`C. ₹690D. ₹675 |
|
Answer» Correct Answer - C Apply the formula for C.P. |
|
| 44. |
If 10% profit is achieved by selling an article at ₹ 1001, then find its cost price. |
| Answer» Correct Answer - ₹ 910 | |
| 45. |
A cloth merchant sold his stock for a profit of 5%. If the cost price of the cloth is ₹ 50 per metre, then find the selling price of the cloth per metre (in ₹).A. `53.5`B. 50C. 55D. `52.5` |
|
Answer» Correct Answer - D `S.P.=(C.P.(100+"profit"%))/(100)` `=(50xx105)/(100)=₹ 52.50` |
|
| 46. |
Find the single discount equivalent to the successive discounts of 25%, 12% and 5%.A. `31.4%`B. `35.1%`C. `37.3%`D. 0.4 |
|
Answer» Correct Answer - C (i) Take the M.P. as 100x. (ii) Calcualte S.P. by using the formula , `S.P.=(M.P.(100-d_(1))(100-d_(2))(100-d_(3)))/(100xx100xx100)` (iii) Overall discount=100-S.P. |
|
| 47. |
A grocer cells 5 chocolates for ₹ at a profit of 4%. In order to get a profit of 30%, how many chocolates does he have to sell for ₹ 1 ? |
| Answer» Correct Answer - 4 | |
| 48. |
A grocer purchased 65 kg of rice ₹ 16 per kg and mixed it with 85 kg of rice at ₹ 12 per kg. At what rate per kg should he sell the mixture approximately to gain 20% ?A. `₹ 16.00`B. ₹`16.50`C. `₹ 17.50`D. `₹ 15.50` |
|
Answer» Correct Answer - B (i) Compute the total C.P. ltbr. (ii) Total C.P. of rice`= ₹ [(65xx16)+(85xx12)]` (iii) Find the profit and then S.P. using S.P.=C.P.+profit (iv) S.P. per kg`=("Total S.P.")/((65+85))` |
|