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Q:

By selling an article at Rs.800, a shopkeeper makes a profit of 25%.At what price should he sell the article so as to make a loss of 25%?

A) Rs.720 B) Rs.640
C) Rs.540 D) Rs.480
 
Answer & Explanation Answer: D) Rs.480

Explanation:

SP = Rs.800 ; Profit = 25%

 CP = SP x 100100+P% = 800 x 100100+25 = 640

 

 Now, CP = Rs.640

 

Loss = 25% = 25% of Rs.640 = Rs.160

 

Thus, SP = CP - Loss = Rs.640 - Rs.160 = Rs.480

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Filed Under: Profit and Loss
Exam Prep: AIEEE , Bank Exams , CAT
Job Role: Bank Clerk

Q:

A Shopkeeper sells two articles at Rs.1000 each, making a profit of 20% on the first article and a loss of 20% on the second article. Find the net Profit or loss that he makes? 

A) 4% B) 5%
C) 6% D) 8%
 
Answer & Explanation Answer: A) 4%

Explanation:

SP of first article = Rs.1000

 

Profit = 20%

 CP = SP x 100100+P% = Rs. 25003

SP of Second Article = Rs.1000

 Loss = 20%

 CP = SP x 100100-L% = Rs. 1250

 

So, Total SP = Rs.2000; Total CP = Rs.6250/3

 

As the CP is more than SP, he makes a loss.

 

Loss = CP - SP = (6250/3) - 2000 = Rs.(250/3)

 

So, Loss Percent = Lossx100/CP = 4%

 

 

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

Q:

Tell me about a time you had to handle multiple responsibilities. How did you organize the work you needed to do?

Answer

Sample Response :


While attending college, I also worked at a law firm. I was successful because I practiced good time-management skills, and I made a to-do list every day. As I completed each task, I checked it off the list. It is funny how something so simple can keep you so organized. As a result of my to-do lists, I was able to visualize my daily progress.

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Subject: Adaptability

Q:

Are there any times where you had a conflict with a superior? If yes, how did you handle it and resolve it?

Answer

I have had differences of opinion with previous managers. Our disagreements were not significant, but some had to be confronted and resolved. I have learned that two parties typically quarrel when each one refuses to consider the other's perspective. Therefore, I asked the manager I disagreed with to explain his or her perspective, and then to consider my point of view. This way, we were able to take into account each other's perspective and come to an agreeable compromise. When a compromise could not be reached, I accepted my manager's decision. Regardless of individual perspectives, managers are responsible for setting policy, and subordinates are responsible for executing it.

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Q:

How do you go about making an important decision affecting your career?

Answer

Career decisions are surely the toughest one and almost inevitable. I follow my instincts during any doubtful situations. b'coz in dilema u r not in the position to make a decision. what better guide can we get, other then our inner voice, during those difficult situations. This doesn't infact means that decision regarding the priority in life be left just to intuitions. Intuitions also needs input in the form of one's likes and dislikes. Goals proper set once, as such, go a long way in creating a good intuitive judgement.

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Subject: Decisiveness

Q:

Tell me do you consider yourself to be thoughtful, analytical or do you usually make up your mind fast? Give an example?

Answer

I mostly follow my intuitions with full belief in them. But the outcome decision is based upon the analysis of the situations. So for people around me i am an analytical person, which is true to an extent. I don't come to, even a simplest decision in a rush.

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Subject: Decisiveness

Q:

How can the company’s compliance policies be improved and/or better applied, communicated and enforced?

Answer

Compliance policies should be accessible to all employees, well communicated, and easy to understand and apply. Responses to this question can provide valuable end-user feedback in this regard. The additional area of “enforcement” may provide some insight into an organization’s ethical tone and employee perceptions about fairness and equality. A quality compliance program will assure that all violators are treated fairly, but equally. If employees perceive that management or others are “above the law,” the compliance program loses credibility.

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Subject: Compliance

Q:

Suppose you are in a situation where deadlines and priorities change frequently and rapidly. How would you handle it?

Answer

Deadlines are set in several ways some are artificial while others are real. In a situation where deadlines change frequently and rapidly it is important to be able to tell which are real and which are artificial. One must be flexible and agile with the ability to adapt to the needs of the office. A good attitude would be to imagine you are a juggler who must keep several balls in the air at one time. This would enable you to focus quickly on the job at hand and move on to the next without hesitation or stress. 

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