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Q:

A trader bought 10 kg of tea at Rs. 400 per kg. He sold half the quantity at 20% loss and remaining at 10% profit. What was his net profit or loss in percentage?

A) 5% loss B) 5% gain
C) 10% loss D) 10% gain
 
Answer & Explanation Answer: A) 5% loss

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Filed Under: Profit and Loss
Exam Prep: Bank Exams

Q:

Leverage enables currency traders to do which of the following?

 

A) Reduce the risk of losing money   B) Force foreign governments to print more money
C) Make large currency trades using small amounts of money D)  Buy currencies before they are available to the public
 
Answer & Explanation Answer: C) Make large currency trades using small amounts of money

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Filed Under: Indian Economy
Exam Prep: Bank Exams

Q:

 In a certain code language, “MAKERS” is written as “KAMSRE” and “SINGER” is written as “NISREG”. How is “TRADER” written in that code language?

A) RATEDR B) ARTRED
C) TSRNGP D) TRARED
 
Answer & Explanation Answer: B) ARTRED

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Filed Under: Coding and Decoding
Exam Prep: Bank Exams

Q:

A rice trader buys 16 quintals of rice for Rs 5632. 20% rice is lost in transportation. At what rate should he sell to earn 25% profit?

A) Rs 225.2 per quintal B) Rs 550 per quintal
C) Rs 440 per quintal D) Rs 563.2 per quintal
 
Answer & Explanation Answer: B) Rs 550 per quintal

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Filed Under: Profit and Loss
Exam Prep: Bank Exams

Q:

A rice trader buys 20 quintals of rice for Rs 8,580. However, 22% rice is lost in transportation. At what rate should he sell to earn 20% profit?

A) Rs 278.8 per quintal B) Rs 514.8 per quintal
C) Rs 660 per quintal D) Rs 654.2 per quintal
 
Answer & Explanation Answer: C) Rs 660 per quintal

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Filed Under: Profit and Loss
Exam Prep: Bank Exams

Q:

A rice trader buys 12 quintals of rice for Rs 1,870. 15% rice is lost in transportation. At what rate should he sell to earn 20% profit?

A) Rs 110.3 per quintal B) Rs 187 per quintal
C) Rs 220 per quintal D) Rs 224 per quintal
 
Answer & Explanation Answer: C) Rs 220 per quintal

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Filed Under: Profit and Loss
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Q:

A trader had 16 quintals of wheat. He sold a part of it at 17% profit and the rest at 27% profit, so that he made a total profit of 21%. How much wheat did he sell at 27% profit?

A) 960 kg B) 640 kg
C) 320 kg D) 1280 kg
 
Answer & Explanation Answer: B) 640 kg

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Filed Under: Profit and Loss
Exam Prep: Bank Exams

Q:

A rice trader buys 8 quintals of rice for Rs 3,600. 10% rice is lost in transportation. At what rate should he sell to earn 15% profit?

A) Rs 352.1 per quintal B) Rs 517.5 per quintal
C) Rs 575 per quintal D) Rs 582.3 per quintal
 
Answer & Explanation Answer: C) Rs 575 per quintal

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Filed Under: Profit and Loss
Exam Prep: Bank Exams