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Q:

‘X’ is a bread seller who marked up price of each bread packet by 150% above and allow discounts of 40% and made a profit of Rs. 30 on each bread packet. If ‘X’ allows 37.5% discount on each packet, then find how much profit he gets on selling 80 bread packets?

A)  Rs 2750  B)  Rs 3200 
C)  Rs 2500  D)  Rs 2700 
 
Answer & Explanation Answer: D)  Rs 2700 

Explanation:

Let cost price of each bread packet = a Rs.

So, marked price of each bread packet = 2.5a

And selling price of each bread packet = 2.5a × 60/100 = 1.5a

Given, 1.5a –

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

Q:

If 6 years are subtracted from the present age of Ayush and takes 25% of that then we get the present age of his only son. 4 years ago, his daughter’s age is 7 years more than his son. Sum of daughter’s present age and his wife’s present age is 10 years more than Ayush’s present age then find the present age of Ayush if average of present age of entire family is 30.25 yr? 

A)  45 year  B)  50 year 
C)  60 year  D)  40 year 
 
Answer & Explanation Answer: B)  50 year 

Explanation:

Let the present age of Ayush be x yr.

Present age of his son =

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Filed Under: Problems on Ages
Exam Prep: CAT , Bank Exams , AIEEE

Q:

The average age of Hari, his wife and their two children is 23 years. His wife is just 4 years younger than Hari and his wife was 20 years old when their daughter was born. He was 28 years old when their son was born. What is the sum of the age of Hari and his daughter is?

A) 53 years B) 55 years
C) 56 years D) 50 years
 
Answer & Explanation Answer: D) 50 years

Explanation:
H+W+S+D/4 = 23
H= W+4

D =W-20 = H-24

S = H-28

H+H-4+H-24+H-28/4 = 23

H =37 D =13

H + D = 50

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Filed Under: Problems on Ages
Exam Prep: Bank Exams

Q:

Rithika had Rs 8000. She invested some of it in savings scheme P and the rest of the money in savings scheme Q. She invested for 3 years in savings scheme P and for 2 years in savings scheme Q. savings scheme P offers SI at a rate of 20% pa while savings scheme Q compounded annually at the rate of 30% pa. The interest received from savings scheme P is 930 more than the interest received from savings scheme Q. If Rs 1500 is debited from the invested amount of savings scheme P then find the difference between the amount invested by Rithika in savings scheme P & savings scheme Q.

A) Rs 200 B) Rs 300
C) Rs 400 D) Rs 500
 
Answer & Explanation Answer: D) Rs 500

Explanation:
Amount invested in savings scheme P= Rs X

Amount invested in savings scheme Q= Rs (8000-X)

Compounding 30 % for 2 years , rate

30+30+ (30*30)/100= 69 %

60 % of X-69 % of (8000-X)=930

X= 5000

In savings savings scheme Q = 8000-5000=3000

5000 - 1500 = 3500

Difference =3500-3000=Rs 500

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Filed Under: Partnership
Exam Prep: Bank Exams

Q:

The Simple Interest(SI) for 16 years on an amount at particular rate is Rs 10000. If the principal is doubled at an interval of every 4 years and the rate is tripled at every such in terval, find the new Simple Interest(SI)

A) 632100 B) 689620
C) 602260 D) 647500
 
Answer & Explanation Answer: D) 647500

Explanation:
Let New SI be X

10000/16 = X/4(1*1+2*3+4*9+8*27)

10000/16=X/4(1+6+36+216)

X=647500

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Filed Under: Simple Interest
Exam Prep: Bank Exams

Q:

Ravi sold a smartphone for Rs. 30,000. Had he offered a discount of 10% on the selling price(SP), he would have earned a profit of 35%. What is the cost price?

A) Rs. 20,000 B) Rs. 22,000
C) Rs. 24,000 D) Rs. 26,000
 
Answer & Explanation Answer: A) Rs. 20,000

Explanation:
30,000*90/100 = 27000
27,000 = CP*135*/100
CP = 20000
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Filed Under: Profit and Loss
Exam Prep: Bank Exams

Q:

In a particular week the average number of people who visited the Park is 40. If we exclude the holidays then the average is increased by 16. Further if we exclude also the day on which the maximum number of 112 people visited the Park, then the average becomes 42. The number of holidays in the week is

A) 1 B) 2
C) 3 D) 4
 
Answer & Explanation Answer: B) 2

Explanation:
Total number of people = 40 * 7 = 280
(7 -n)*(40+16) = 280 
(7 -n)*56 = 280

7-n = 5

Number of holidays = 2

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Filed Under: Average
Exam Prep: Bank Exams

Q:

Improve the bracketed part of the sentence.


Due to heavy monsoon showers, the water in the dam (rose another foot).

A) raised another foot B) raised by a feet.
C) had risen a foot D) no improvement
 
Answer & Explanation Answer: D) no improvement

Explanation:
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Filed Under: English
Exam Prep: AIEEE , Bank Exams , CAT