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Q:

A car mechanic purchased four old cars for Rs. 1 lakh. He spent total 2 lakh in the maintenance and repairing of these four cars. what is the average sale price of the rest three cars to get 50% total profit if he has already sold one of the four cars at Rs. 1.2 lakh?

A) 1.5 lakh	B) 1.1 lakh
C) 1.2 lakh	D) 1.65 lakh

Answer & Explanation Answer: B) 1.1 lakh

Explanation:

Total cost of 4 cars = 1+2 = 3 lakh

Total S.P of 4 cars = 3 x 1.5 = 4.5 lakh ( $S i n c e S . P = \frac{(100 + G a i n %)}{100} x C . P$ )

S.P of 1 car = 1.2 lakh

S.P of rest 3 cars = 4.5 - 1.2 = 3.3 lakh

Average S.P of all the 3 cars = 1.1 lakh

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Filed Under: Profit and Loss
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Q:

Rahul went to purchase a Nokia mobile handset, the shopkeeper told him to pay 20% tax if he asked the bill. Rahul manages to get the discount of 5% on the actual saleprice of the mobile and he paid the shopkeeper Rs. 3325 without tax. Besides he manages to avoid to pay 20% tax on the already discounted price, what is the amount of discount that he has gotten?

A) 750	B) 375
C) 875	D) 525

Answer & Explanation Answer: C) 875

Explanation:

CP = 100, SP (with tax) =120

New SP = 100 - 5 = 95

Effective discount = 120 - 95 = 25

So, at SP of 95 ----> discount = 25

and at SP of 3325 -----> discount = $\frac{25}{95} \times 3325 = 875$

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Q:

Due to reduction of 25% in price of oranges a customer can purchase 4 oranges more for Rs. 16. what is original price of an orange?

A) Rs 1	B) Rs 1.33
C) Rs 1.5	D) Rs 1.6

Answer & Explanation Answer: B) Rs 1.33

Explanation:

Recall it is based on inverse proportion or product constancy concept.

Reducion in price increase in amount

25% 1/4 1/3 33.33% = 4 oranges

It means original number of oranges = 4 x 3 = 12

original price of oranges = 16/12 = Rs. 1.33

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Q:

A milkman purchases the milk at Rs. x per litre and sells it at Rs. 2x per litre still he mixes 2 litres water with every 6 litres of pure milk. What is the profit percentage?

A) 116%	B) 166.66%
C) 60%	D) 100%

Answer & Explanation Answer: B) 166.66%

Explanation:

Let the cost price of 1-liter pure milk be Re.1, then

$\{\begin{cases} 6 l i t e r s (m i l k) \to C . P = R s . 6 \\ 2 l i t e r s (w a t e r) \to C . P = R s . 0 \end{cases} \to C P = R s . 6 o n l y$

8 litre mixture =>

SP => 8 x 2 = Rs. 16

Profit % = $\frac{16 - 6}{6} x 100 = \frac{1000}{6} = 166.66 %$

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Q:

If both the office of President and Vice-president vacant, who has been empowered the President function.

A) Chief Justice	B) Prime Minister
C) Speaker of Loksabha	D) Chief of Army Staff

Answer & Explanation Answer: A) Chief Justice

Explanation:

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Filed Under: Indian Politics

Q:

A man lost half of its initial amount in the gambling after playing 3 rounds. The rule of gambling is that if he wins he will receive Rs. 100, but he has to give 50% of the total amount after each round.Luckily he won all the three rounds. The initial amount with which he had started the gambling was :

A) 500/3	B) 700/3
C) 300	D) 600

Answer & Explanation Answer: B) 700/3

Explanation:

Let the initial amount be x (with gambler), then

$[[(x + 100) \frac{1}{2} + 100] \frac{1}{2} + 100] \frac{1}{2} = \frac{x}{2}$

=> x = 700/3

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Filed Under: Percentage
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Q:

The Shopkeeper increased the price of a product by 25% so that customer finds it difficult to purchase the required amount. But somehow the customer managed to purchase only 70% of the required amount. What is the net difference in the expenditure on that product?

A) 10% more	B) 5% more
C) 12.5% more	D) 17.5% more

Answer & Explanation Answer: C) 12.5% more

Explanation:

Quantity X Rate = Price

1 x 1 = 1

0.7 x 1.25 = 0.875

Decrease in price = (1-0.875) x 100 = 12.5%

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Q:

A Shopkeeper charges sales tax of x% upto Rs.2,000 and above it he charges y%. A customer pays total tax of Rs 320, when he purchases the goods worth Rs. 6,000 and he pay's the total tax of Rs. 680 for the goods worth Rs. 12,000. The value of (x-y) is:

A) 0	B) -2
C) -4	D) 5

Answer & Explanation Answer: B) -2

Explanation:

$2000 x \frac{X}{100} + 4000 x \frac{Y}{100} = 320$

and $2000 x \frac{X}{100} + 10000 x \frac{Y}{100} = 680$

x = 4 and y = 6

x-y = -2

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Filed Under: Percentage
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