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 Quantitative Aptitude - Arithmetic Ability Questions

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Q:

The price of an article has been reduced by 35%. In order to restore the original price the new price must be increased by ?

A) 51.8 % B) 49.25 %
C) 47.2 % D) 53.84 %
 
Answer & Explanation Answer: D) 53.84 %

Explanation:

100
65
-------
65 ------- 35
100 ------ ? => 53.84 %

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Filed Under: Profit and Loss
Exam Prep: AIEEE , Bank Exams , CAT , GATE
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6 8243
Q:

A five-year promissory note with a face value of $3500, bearing interest at 11%  compounded semiannually, was sold 21 months after its issue date to yield the buyer 10% compounded quarterly.What amount was paid for the note

A) 4336.93 B) 5336
C) 6336 D) 7336
 
Answer & Explanation Answer: A) 4336.93

Explanation:

i=j/m

Maturity value = PV(1 + i)^n

Term = 5 years - 21 months=  3.25 years

Price paid = FV(1+ i )^-n

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Filed Under: Compound Interest
Exam Prep: Bank Exams
Job Role: Bank PO

7 8238
Q:

The bankers discount and the true discount of a sum at 10% per annum simple interest for the same time are Rs.100 and Rs.80 respectively. What is the sum and the time?

A) Sum = Rs.400 and Time = 5 years B) Sum = Rs.200 and Time = 2.5 years
C) Sum = Rs.400 and Time = 2.5 years D) Sum = Rs.200 and Time = 5 years
 
Answer & Explanation Answer: C) Sum = Rs.400 and Time = 2.5 years

Explanation:

BD = Rs.100

TD = Rs.80

R = 10%

 

F=BD×TDBD-TD=100×80100-80=Rs.400 

 

BD = Simple interest on the face value of the bill for unexpired time= FTR/100

 

⇒100=400×T×10100

=> T = 2.5 years

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Filed Under: Banker's Discount

4 8236
Q:

K and L starts walking towards each other at 4 pm at speed of 3 km/hr and 4 km/hr respectively. They were initially 17.5 km apart. At what time do they meet ?

A) 6:00 am B) 6:30 pm
C) 5:45 am D) 5:52 pm
 
Answer & Explanation Answer: B) 6:30 pm

Explanation:

Suppose they meet after 'h' hours

Then

3h + 4h = 17.5

7h = 17.5

h = 2.5 hours

So they meet at => 4 + 2.5 = 6:30 pm

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Filed Under: Time and Distance
Exam Prep: AIEEE , Bank Exams , CAT , GATE
Job Role: Bank Clerk , Bank PO

12 8230
Q:

A dishonest shopkeeper professes to sell his groceries at his cost price but uses a false weight of 900 grams for each kilogram. Find his gain percentage.

A) 91/9 % B) 100/9%
C) 100/11 % D) 95/9%
 
Answer & Explanation Answer: B) 100/9%

Explanation:

Shopkeeper sells at CP using weight of 900 gm instead of1 kg

So, 1000gm –900 gm = 100gm

⇒100/900 X 100

⇒100/9 %

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Filed Under: Profit and Loss
Exam Prep: Bank Exams

5 8225
Q:

0.002 * 0.5 = ?

A) 0.0001 B) 0.001
C) 0.01 D) 0.1
 
Answer & Explanation Answer: B) 0.001

Explanation:

2 * 5 = 10. Sum of decimal places =  4.

.002  * .5 = 0.0010 = 0.001 

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Filed Under: Decimal Fractions

16 8221
Q:

The sum of the digits of a two-digit number is 9 less than the number. Which of the following digits is at unit's place of the number ?

A) 1 B) 2
C) 3 D) data inadequate
 
Answer & Explanation Answer: D) data inadequate

Explanation:

Let the ten's digit be x and unit's digit be y. Then, (10x + y) - (x + y) = 9 or x = 1.

From this data we cannot find  y, the unit's digit. So the data is inadequate..

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Filed Under: Problems on Numbers

3 8218
Q:

A restaurant offers a new promotion of 20% off the original price of cakes, which is Rs. 12. Before the promotion 250 cakes were sold each day. After the promotion, the sale of cakes increases an average of 18% more per day. How much more or less does the restaurant make each day in cakes sales after the promotion?

A) Rs. 185 less B) Rs. 202 more
C) Rs. 175 more D) Rs. 168 less
 
Answer & Explanation Answer: D) Rs. 168 less

Explanation:

Cost of each cake P1 & P2 = Rs. 12

Offer decrease in % = 20%

Increase in sale per day (Q2) = 250 - 18%

Total quantity per day (Q1) = 250

Hence, required change total revenue

TR = P2Q2 - P1Q1 = (12 x 0.8 x 250 x 1.18) -  (12 x 250) = - Rs.168.

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

15 8218