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Q:

D sells a table to E at a profit of 30% and E sells it to F at a loss of 30%. What is the ratio of cost prices of D and F?

 

A) 100:91   B)  100:130  
C)  100:126   D) 1:1
 
Answer & Explanation Answer: A) 100:91  

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Filed Under: Profit and Loss
Exam Prep: Bank Exams

Q:

The cash difference between the selling price of an article at a profit of 2% and 16% is Rs.3. The ratio of two selling prices is

A) 51:58 B) 51:53
C) 57:58 D) 55:58
 
Answer & Explanation Answer: A) 51:58

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Filed Under: Profit and Loss
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Q:

Statements followed by some conclusions are given below.

 

Statements :

 

1. Demand and supply determine the prices of goods and services.

2. When there are too many buyers, prices are pushed up and too many sellers push down prices.

 

Conclusions :

 

I. Buyers and sellers determine the prices.

II. Price discovery is market driven.

 

Find which of the given conclusions logically follows from the given statements.

 

A) Only conclusion I follows B) Only conclusion II follows
C) Both I and II follow D) Neither I nor II follows
 
Answer & Explanation Answer: C) Both I and II follow

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Filed Under: Statement and Conclusions
Exam Prep: Bank Exams

Q:

Neeraj purchased a few shirts for his shop at cost prices ranging from Rs. 400 to Rs. 550 and sold at prices ranging from Rs. 450 to Rs. 650. What is the maximum profit that might be made in selling 10 shirts?

A) Rs. 2800 B) Rs. 2500
C) Rs. 2400 D) Rs. 2000
 
Answer & Explanation Answer: B) Rs. 2500

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Filed Under: Profit and Loss
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Q:

The cash difference between the selling price of an article at a profit of 2% and 12% is Rs.3. The ratio of two selling prices is

A) 51:56 B) 51:53
C) 52:53 D) 55:56
 
Answer & Explanation Answer: A) 51:56

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Filed Under: Profit and Loss
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Q:

The cash difference between the selling price of an article at a profit of 2% and 18% is Rs. 3. The ratio of two selling prices is

A) 51:59 B) 51:53
C) 51:60 D) 55:59
 
Answer & Explanation Answer: A) 51:59

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Filed Under: Ratios and Proportions
Exam Prep: Bank Exams

Q:

The prices of chairs and tables are in the ratio of 9 : 5. If the chairs cost Rs. 4200 more than the tables, find the price of the tables? (in Rs.)

A) 6730 B) 6200
C) 5000 D) 5250
 
Answer & Explanation Answer: D) 5250

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Filed Under: Ratios and Proportions
Exam Prep: Bank Exams

Q:

Consider the given argument and decide which of the given assumptions is are implicit.

Argument :

During an election, the opposition party said, "look at the price rise in the last five years".

Assumption :

1. This time, give a chance to our party for power
2. Prices will still rise if you choose the same party to be in power

 

A) Both 1 and 2 are implicit B) Only assumption 2 is implicit
C) Neither 1 nor 2 is implicit D) Only assumption 1 is implicit
 
Answer & Explanation Answer: A) Both 1 and 2 are implicit

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Filed Under: Statement and Assumptions
Exam Prep: Bank Exams