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15% increase in price of an article, which is Rs.1,620, is the increase of ____.

Answer: 15% increase in the price of an article, which is Rs.1,620, is the increase of Rs.212 Let x is the price of the article. Thus, as per... View Article

Increase of a number from 150 to 162 is equal to increase of ____ per cent.

Answer: An increase of a number from 150 to 162 is equal to an increase of 8% percent. Initial number = 150 Final number = 162 Increase of a... View Article

________ is a reduction on the marked price of the article.

Answer: Discount is a reduction on the marked price of the article. Discount Rate is the price of the total quantity/amount usually less than... View Article

Radhika bought a car for Rs 2,50,000. Next year its price decreased by 10% and further next year it decreased by 12%. In the two years overall decrease per cent in the price of the car is (a) 3.2% (b) 22% (c) 20.8% (d) 8%

Answer: (c) 20.8% Cost price: The amount paid for a product. Selling Price: The amount at which the product is sold Marked Price: The price... View Article

40% of [100 – 20% of 300] is equal to: (a) 20 (b) 16 (c) 140 (d) 64

Answer: (b) 16 Given: 40% of [100 – 20% of 300] 40% of [100 – 20% of 300] ⇒ ⇒ ⇒ 16... View Article

A TV set was bought for Rs 26,250 including 5% VAT. The original price of the TV set is (a) Rs 27,562.50 (b) Rs 25,000 (c) Rs 24,937.50 (d) Rs 26,245

Answer: (c) Rs 24,937.50 Cost price: The amount paid for a product. Selling Price: The amount at which the product is sold Marked Price: The... View Article

Avinash bought an electric iron for Rs 900 and sold it at a gain of 10%. He sold another electric iron at 5% loss which was bought Rs 1200. On the transaction he has a: (a) Profit of Rs 75 (b) Loss of Rs 75 (c) Profit of Rs 30 (d) Loss of Rs 30

Answer: (c) Profit of Rs 30 Cost price: The amount paid for a product. Selling Price: The amount at which the product is sold Marked Price: The... View Article

The original price of a washing machine which was bought for Rs 13,500 inclusive of 8% VAT is: (a) Rs 12,420 (b) Rs 14,580 (c) Rs 12,500 (d) Rs 13,492

Answer: (a) Rs 12,420 Cost price: The amount paid for a product. Selling Price: The amount at which the product is sold Marked Price: The price... View Article

A sum is taken for two years at 16% p.a. If interest is compounded after every three months, the number of times for which interest is charged in 2 years is: (a) 8 (b) 4 (c) 6 (d) 9

Answer: (a) 8 Cost price: The amount paid for a product. Selling Price: The amount at which the product is sold Marked Price: The price mentioned... View Article

A jacket was sold for Rs 1,120 after allowing a discount of 20%. The marked price of the jacket is: (a) Rs 1440 (b) Rs 1400 (c) Rs 960 (d) Rs 866.66

Answer: (b) Rs. 1400 Cost price: The amount paid for a product. Selling Price: The amount at which the product is sold Marked Price: The price... View Article

Latika bought a teapot for Rs 120 and a set of cups for Rs 400. She sold teapot at a profit of 5% and cups at a loss of 5%. The amount received by her is: (a) Rs 494 (b) Rs 546 (c) Rs 506 (d) Rs 534

Answer: (c) Rs 506 Cost price: The amount paid for a product. Selling Price: The amount at which the product is sold Marked Price: The price... View Article

A bought a tape recorder for Rs 8,000 and sold it to B. B in turn sold it to C, each earning a profit of 20%. Which of the following is true: (a) A and B earn the same profit. (b) A earns more profit than B. (c) A earns less profit than B. (d) Cannot be decided.

Answer: (c) A earns less profit than B Cost price: The amount paid for a product. Selling Price: The amount at which the product is sold Marked... View Article

The marked price of an article is Rs 80 and it is sold at Rs 76, then the discount rate is: (a) 5% (b) 95% (c) 10% (d) appx. 11%

Answer: (a) 5% Cost price: The amount paid for a product. Selling Price: The amount at which the product is sold Marked Price: The price... View Article

Shyama purchases a scooter costing Rs 36,450 and the rate of sales tax is 9%, then the total amount paid by her is: (a) Rs 36,490.50 (b) Rs 39,730.50 (c) Rs 36,454.50 (d) Rs 33,169.50

Answer: (b) Rs 39,730.50 Since sales tax is charged on the sale of an item by the government and is added to the bill amount. Given Shyama... View Article

For calculation of interest compounded half yearly, keeping the principal same, which one of the following is true. (a) Double the given annual rate and half the given number of years. (b) Double the given annual rate as well as the given number of years. (c) Half the given annual rate as well as the given number of years. (d) Half the given annual rate and double the given number of years.

Answer: (d) Half the given annual rate and double the given number of years. Compound interest is the interest calculated on the principal and... View Article

Ashima took a loan of Rs 1,00,000 at 12% p.a. compounded half-yearly. She paid Rs.1,12,360. If (1.06)2 is equal to 1.1236, then the period for which she took the loan is: (a) 2 years (b) 1 year (c) 6 months (d) 1(1/2) years

Answer: (b) 1 year Compound interest is the interest calculated on the principal and the interest accumulated over the previous period. The... View Article

If a % is the discount per cent on a marked price x, then discount is (a) (x/a) × 100 (b) (a/x) × 100 (c) x × (a/100) (d) 100/(x × a)

Answer: (c) x × (a/100) Discount Rate is the price of the total quantity/amount usually less than its original value. Marked price is the... View Article

To gain 25% after allowing a discount of 10%, the shopkeeper must mark the price of the article which costs him Rs 360 as (a) Rs 500 (b) Rs 450 (c) Rs 460 (d) Rs 486

Answer: (a) Rs 500 Let us consider Marked price = x Cost price = Rs.360 As per the question x – [x × (10/100)] – [(25 ×... View Article

If 90% of x is 315 km, then the value of x is (a) 325 km (b) 350 km (c) 350 m (d) 325 m

Answer: (b) 350 km Given : 90% of x is 315 km Need to find the value of x x = 350... View Article

If marked price of an article is Rs 1,200 and the discount is 12% then the selling price of the article is (a) Rs 1,056 (b) Rs 1,344 (c) Rs 1,212 (d) Rs 1,188

Answer: (a) Rs 1,056 Given Marked price = Rs.1200 Discount = 12% Since, Discount = Discount% on Marked price Discount price = 12% of 1200 =... View Article