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Q:

A man bought an article and sold it at a gain of 5 %. If he had bought it at 5% less and sold it for Re 1 less, he would have made a profit of 10%. The C.P. of the article was

A) Rs 100 B) Rs 150
C) Rs 200 D) Rs 250
 
Answer & Explanation Answer: C) Rs 200

Explanation:

Let original Cost price is x
Its Selling price = (105/100) * x = 21x/20
New Cost price  = (95/100) * x  = 19x/20
New Selling price = (110/100 )* (19x/20 )= 209x/200
[(21x/20) - (209x/200)] = 1
=> x = 200

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Filed Under: Profit and Loss

Q:

If the cost price of 12 pens is equal to the selling price of 8 pens, the gain percent is ?

A) 12% B) 30%
C) 50% D) 60%
 
Answer & Explanation Answer: C) 50%

Explanation:

Friends, we know we will need gain amount to get gain percent, right. So lets get gain first.

Let the cost price of 1 pen is Re 1

Cost of 8 pens = Rs 8

Selling price of 8 pens = 12

Gain = 12 - 8 = 4

Gain% = gaincost×100%  = 48×100% = 50%

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Q:

A man buys an item at Rs. 1200 and sells it at the loss of 20 percent. Then what is the selling price of that item

A) Rs. 660 B) Rs. 760
C) Rs. 860 D) Rs. 960
 
Answer & Explanation Answer: D) Rs. 960

Explanation:

Here always remember, when ever x% loss,
it means S.P. = (100 - x)% of C.P
when ever x% profit,
it means S.P. = (100 + x)% of C.P

So here will be (100 - x)% of C.P.
= 80% of 1200
= (80/100) * 1200
= 960

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Filed Under: Profit and Loss

Q:

A person incurs a loss of 5% be selling a watch for Rs. 1140. At what price should the watch be sold to earn 5% profit.

A) Rs.1200 B) Rs.1230
C) Rs.1260 D) Rs.1290
 
Answer & Explanation Answer: C) Rs.1260

Explanation:

Let the new S.P be x, then

(100 - loss%) : (1st S.P.) = (100 + gain%) : (2nd S.P.)

951140=105x 

=> x = 1260

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Filed Under: Profit and Loss

Q:

If a = bx, b = cy and c = az then the value of xyz is equal to :

A) -1 B) 0
C) 1 D) abc
 
Answer & Explanation Answer: C) 1

Explanation:
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Filed Under: Logarithms

Q:

If logaab = x, then logbab = ?

A) 1/x B) x/(x+1)
C) x/(1-x) D) x/(x-1)
 
Answer & Explanation Answer: D) x/(x-1)

Explanation:
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Filed Under: Logarithms

Q:

The value of 13log10125 - 2log104 + log1032 :

A) 0 B) 1
C) 2 D) 4/5
 
Answer & Explanation Answer: B) 1

Explanation:
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Filed Under: Logarithms
Exam Prep: AIEEE , Bank Exams , CAT
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Q:

The value of log55log49log32 is :

A) 1 B) 3/2
C) 2 D) 5
 
Answer & Explanation Answer: A) 1

Explanation:
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Filed Under: Logarithms