Rs.1200 Search

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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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

$\Rightarrow \frac{8}{100} \times 20000 = 1600$

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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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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Q:

The present value of a bill due at the end of 2 years is Rs.1250. If the bill were due at the end of 2 years and 11 months, its present worth would be Rs.1200. Find the rate of interest and the sum.

A) rs.1175	B) rs.1375
C) rs.1475	D) rs.1575

Answer & Explanation Answer: B) rs.1375

Explanation:

PW = $\frac{100 \times A m o u n t}{100 + (R \times T)}$

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Filed Under: True Discount
Exam Prep: Bank Exams
Job Role: Bank PO

Q:

At what rate of compound interest per annum will a sum of rs.1200 becomes rs.1348.32 in 2 years

A) 66%%	B) 6.5%
C) 7%	D) 7.5%

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