Searching for "Rs.120"

Q:

M borrowed some money for 1 year at certain simple interest. But the interest rate was increased to 2% which amounted to Rs.120. Find the principal amount.

A) Rs.4000 B) Rs.5000
C) Rs.6000 D) Rs.7000
 
Answer & Explanation Answer: C) Rs.6000

Explanation:
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Filed Under: Simple Interest
Exam Prep: AIEEE , Bank Exams

Q:

The average salary of all workers in a workshop is Rs.12000. The average salary of 7 technicians is Rs.15000 and the average salary of the rest is Rs.9000. The total number of workers in the workshop is

A) 12 B) 13
C) 14 D) 15
 
Answer & Explanation Answer: C) 14

Explanation:
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Filed Under: Average
Exam Prep: Bank Exams

Q:

Rs.1200 divided among P, Q and R. P gets half of the total amount received by Q and R. Q gets one-third of the total amount received by P and R. Find the amount received by R ?

A) Rs. 1100 B) Rs. 500
C) Rs. 1200 D) Rs. 700
 
Answer & Explanation Answer: B) Rs. 500

Explanation:

Let the amounts to be received by P, Q and R be p, q and r.
p + q + r = 1200
p = 1/2 (q + r) => 2p = q + r

Adding 'p' both sides, 3p = p + q + r = 1200
=> p = Rs.400

q = 1/3 (p + r) => 3q = p + r

Adding 'q' both sides, 4q = p + q + r = 1200
=> q = Rs.300

r = 1200 - (p + q) => r = Rs.500.

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Filed Under: Partnership
Exam Prep: AIEEE , Bank Exams , CAT , GATE
Job Role: Bank Clerk , Bank PO

Q:

Compound interest earned on a sum for the second and the third years are Rs.1200 and Rs.1440 respectively. Find the rate of interest ?

A) 20% p.a B) 15% p.a
C) 18% p.a D) 24% p.a
 
Answer & Explanation Answer: A) 20% p.a

Explanation:

Rs.1440 - 1200 = Rs.240 is the interest on Rs.1200 for one year.

Rate of interest = (100 x 240) / (1200) = 20% p.a

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Filed Under: Compound Interest
Exam Prep: AIEEE , Bank Exams , CAT , GATE
Job Role: Bank Clerk , Bank PO

Q:

Arun is a cashew merchant in Telangana. He has cashews in sealed wooden boxes of 10kg each. The price of the cashew increases by Rs.20 per kg for every year, but at the same time, 10% of the cashews are eaten by rodents every year. If the price of a 1 kg of fresh cashew is Rs.120, what is the change in his profits if he sells a sealed box after one year of storage, rather than selling it fresh ? (In Rs.)

A) Rs. 60 B) Rs. 54
C) Rs. 80 D) Rs. 75
 
Answer & Explanation Answer: A) Rs. 60

Explanation:

Price of 1kg fresh cashew = Rs.120
Therefore, price of 10kg = Rs.120 x 10 = Rs.1200

10% of 10kg which eaten by rodents = 10 x 10/100 = 1kg.

So, End of Year he had 10kg - 1kg = 9kg

So, he sells that 9kg with Rs.20 per kg profit = 9 x 140 = 1260.

He buy 10kg wooden box with cashew for Rs.1200 and sell that for Rs. 1260

So, profit = 1260 - 1200 = Rs.60 more money he get.

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Filed Under: Profit and Loss
Exam Prep: AIEEE , Bank Exams , CAT , GATE , GRE
Job Role: Bank Clerk , Bank PO

Q:

K and L start the business, with L investing the total capital of Rs. 40,000 on the condition that K pays L interest @ 8% per annum on his half of the capital. L is a working partner and receives Rs.1200 per month from the total profit and any profit reamaining is equally shared by both of them. At the end of the year, it was found that the income of L is twice that of K. Find the total profit for the year ?

A) Rs.44000 B) Rs.46400
C) Rs.480800 D) Rs.46000
 
Answer & Explanation Answer: B) Rs.46400

Explanation:

Interest received by L from K = 8% of half of Rs.40,000  

8100×20000=1600  

 

Amount received by L per annum for being a working partner = 1200 x 12 = Rs.14,400

 

Let 'A' be the part of remaing profit that 'L' receives as his share.

 

 Total income of 'K' = only his share from the reamaing profit

 

                              = 'A', as both share equally.

 

Given income of L = Twice the income of K

 

--> (1600 + 14400 + A ) = 2A

--> A= Rs.16000

Thus total profit = 2A + Rs.14,400= 2(16000) + 14400 

                                                  = 32000 +14400 = Rs.46,400.

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Filed Under: Partnership
Exam Prep: CAT
Job Role: Bank PO

Q:

In what ratio should two varieties of tea at Rs. 60 per kg and Rs.120 per kg be mixed together so that by selling the mixture at Rs.96 per kg, a profit of Rs.20% is obtained ?

Answer

Let us first calculate the cost of price of the mixture. the selling price of the mixture is given as Rs.96 and the profit is given as 20%. So, Cost price = 100120×96 = Rs. 80


 


Now, let us apply allegation method :


 



 


= 40 : 20 =  2 : 1

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Q:

Amithab's average expenditure for the January to June is Rs. 4200 and he spends Rs.1200 in January and Rs.1500 in july.The average expenditure for the months of febraury to July is:

A) Rs. 4250 B) Rs. 4520
C) Rs. 4060 D) None of these
 
Answer & Explanation Answer: A) Rs. 4250

Explanation:

Amithab's total expenditure for Jan - June  = 4200 x 6 = 25200

 

Expenditure for Feb - June = 25200-1200 = 24000

 

Expenditure for the months of Feb - July = 24000 + 1500 =25500

 

The average expenditure = 25500/6 = 4250

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Filed Under: Average