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Q:

A man bought 500 metres of electronic wire at 50 paise per metre. He sold 50% of it at a profit of 5%. At what percent should he sell the remainder so as to gain 10% on the whole transaction?

A) 13% B) 12.5%
C) 15% D) 20%
 
Answer & Explanation Answer: A) 13%

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Filed Under: Profit and Loss
Exam Prep: Bank Exams

Q:

The profit earned by a shopkeeper by selling a bucket at a gain of 8% is Rs 28 more than when he sells it at a loss of 8%. The cost price (in Rupees) of the bucket is

A) 170 B) 190
C) 175 D) 165
 
Answer & Explanation Answer: C) 175

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Filed Under: Profit and Loss
Exam Prep: Bank Exams

Q:

A shopkeeper buys a product of Rs 150 per Kg. 15% of product was damaged. At what price (per Kg) should he sell the remaining so as to earn a profit of 20%?

A) Rs. 207 B) Rs. 207 11/180
C) Rs. 211 13/17 D) Rs. 204 7/13
 
Answer & Explanation Answer: C) Rs. 211 13/17

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Filed Under: Profit and Loss
Exam Prep: Bank Exams

Q:

The ratio of cost price and selling price 25:26. The percent of profit will be

A) 26% B) 25%
C) 1% D) 4%
 
Answer & Explanation Answer: D) 4%

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Q:

The average weight of 3 men A, B and C is 84 Kg. Another man D joins the group and the average now becomes 80 Kg. If another man E whose weight is 3 Kg more than that of D, replaces A then the average weight of B, C, D and E becomes 79 Kg. What is the weight of A?

A) 70 Kg B) 72 Kg
C) 75 Kg D) 80 Kg
 
Answer & Explanation Answer: C) 75 Kg

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Filed Under: Average
Exam Prep: Bank Exams

Q:

In an exam, the avarage marks obtained by John in English, Maths, Hindi and Drawing were 50. His average marks in Maths, Science, Social Studies and Craft were 70. If the average marks in all seven subjects is 58, his score in maths was

A) 50 B) 52
C) 60 D) 74
 
Answer & Explanation Answer: D) 74

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Filed Under: Average
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Q:

A librarian purchased 60 story books for his library. But he found that he could get 4 extra books by spending Rs 336 more and then the overall average price per book would be reduced by Re 1. The previous average price of each book was

A) Rs 84 B) Rs 83
C) Rs 68 D) Rs 100
 
Answer & Explanation Answer: D) Rs 100

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Filed Under: Average
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Q:

A batsman has a certain average of runs for 12 innings. In the 13th inning he scores 96 runs thereby increasing his average by 5 runs. What will be his average after 13th inning?

A) 28 B) 32
C) 36 D) 42
 
Answer & Explanation Answer: C) 36

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Filed Under: Average
Exam Prep: Bank Exams