Sales tax = tax % of _______
Answer: Sales tax = tax % of Bill amount Sales Tax Sales Tax (ST) is imposed by the government when... View Article
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Amount when interest is compounded annually is given by the formula_____
Answer: Amount, when interest is compounded annually, is given by the formula A = P(1+R/100)T P = Principal R =... View Article
_______ is charged on the sale of an item by the government and is added to the bill amount.
Answer: Sales tax is charged on the sale of an item by the government and is added to the bill... View Article
Discount = Discount % of ________. Fill in the blank.
Answer: Discount = Discount % of Marked Price. Discount rate Discount Rate is the price of the total quantity/amount usually... View Article
Discount = _______-_______. Fill in the blank.
Answer: Discount = Marked Price – Selling Price Discount rate Discount Rate is the price of the total quantity/amount usually... View Article
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... 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... 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 Discount Rate is the price of... 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... 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] \(\begin{array}{l}\frac{40}{100}\times \left... 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... 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... 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... 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... 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... 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... 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... 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... 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... 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... View Article
