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Q:

N invented Rs.20,000 in a business. Six months later, C joined him with Rs. 10,000. At the end of the year, the profit was Rs. 10,000. What should be the share of N?

A) Rs.2000	B) Rs.4000
C) Rs.6000	D) Rs.8000

Answer & Explanation Answer: D) Rs.8000

Explanation:

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Filed Under: Profit and Loss
Exam Prep: AIEEE , Bank Exams

Q:

Mr. Akbar sold a bus for Rs.20,400 with a loss of 15%. At what price should the price should the bus be sold to get a profit of 15%?

A) Rs.27,400	B) Rs.27,300
C) Rs.27,500	D) Rs.27,600

Answer & Explanation Answer: D) Rs.27,600

Explanation:

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Q:

Sunil and Gopal are partners in a business. Sunil invests Rs.20,000 for 9 months and Gopal invests Rs. 30,000 for 12 months. Find the share of Sunil from the total profit of Rs. 60,000.

A) Rs.15000	B) Rs.18000
C) Rs.25000	D) Rs.20000

Answer & Explanation Answer: D) Rs.20000

Explanation:

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Filed Under: Partnership
Exam Prep: Bank Exams

Q:

Items of Expenditure


Year	Salary	Food	Medicine	Tax
2001	Rs.1500	Rs.200	Rs.500	Rs.100
2002	Rs.2600	Rs.300	Rs.600	Rs.200
2003	Rs.3200	Rs.150	Rs.700	Rs.150
2004	Rs.4100	Rs.250	Rs.650	Rs.125
2005	Rs.5000	Rs.200	Rs.800	Rs.150
2006	Rs.5200	Rs.100	Rs.750	Rs.175

The average salary per year during period 2001-2006 is:

A) 3400	B) 3800
C) 3500	D) 3600

Answer & Explanation Answer: D) 3600

Explanation:

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Filed Under: Table Charts
Exam Prep: Bank Exams

Q:

A man spend 20% of his monthly salary on his children's education and 50% of his salary on food and transport. After Paying the rent of Rs.1000, he is left with Rs.2000. What is his monthly salary?

A) 7000	B) 10000
C) 14000	D) 20000

Answer & Explanation Answer: B) 10000

Explanation:

Let his monthly salary be 'P'

20% on children's education = $\frac{20 P}{100} = \frac{P}{5}$

50% on food and transport = $\frac{50 P}{100} = \frac{P}{2}$

1000 on rent

=> $P - \frac{P}{5} - \frac{P}{2} - 1000 = 2000 = > 3 P = 30000 = > P = 10000$

Therefore, his monthly salary = Rs. 10,000

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Filed Under: Percentage
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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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Q:

In a note collection, there is one new Rs.2000 note for every three old Rs.500 notes. 10 more new Rs.2000 notes are added to the collection and the ratio of new Rs.2000 notes to old Rs.500 notes would be 1: 2. Based on the information, the total number of notes in the collection now becomes?

A) 60	B) 30
C) 70	D) 90

Answer & Explanation Answer: D) 90

Explanation:

Let 'x' be the number of new Rs.2000 notes.

Given for one new 2000 note there are three old 500 notes.

i.e, 3x

Given 10 more new Rs.2000 notes are added to the collection
and the ratio of new Rs.2000 notes to old Rs.500 notes

$\frac{x + 10}{3 x} = \frac{1}{2} \Rightarrow x = 20$

Therefore, number of new Rs.2000 notes = x+10 = 30.

old Rs.500 notes = 3x = 60.

Thus, the total number of notes in the collection = 30 + 60 = 90.

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Filed Under: Arithmetical Reasoning
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 = $\frac{100}{120} \times 96$ = Rs. 80

Now, let us apply allegation method :

= 40 : 20 = 2 : 1

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