FACTS  AND  FORMULAE  FOR  PERCENTAGE  QUESTIONS

 

 

I.Concept of Percentage : By a certain percent , we mean that many hundredths. Thus x percent means x hundredths, written as x%.

To express x% as a fraction : We have , x% = x/100.

Thus, 20% = 20/100 = 1/5;     

48% = 48/100 = 12/25, etc.

To express a/b as a percent : We have, ab=ab×100% .

 

Thus, 14=14×100%=25%

   

 

II. If the price of a commodity increases by R%, then the reduction in consumption so as not to increase the expenditure is R100+R×100%

If the price of the commodity decreases by R%,then the increase in consumption so as to decrease the expenditure is R100-R×100%

 

 

III. Results on Population : Let the population of the town be P now and suppose it increases at the rate of R% per annum, then :

1. Population after n years = P1+R100n

 

2. Population n years ago =  P1+R100n

 

 

IV. Results on Depreciation : Let the present value of a machine be P. Suppose it depreciates at the rate R% per annum. Then,

1. Value of the machine after n years = P1-R100n

 

2. Value of the machine n years ago = P1-R100n

 

 

V. If A is R% more than B, then B is less than A by

R100+R×100%    

If A is R% less than B , then B is more than A by 

R100-R×100%  

Q:

Jalal, Amit and Feroz enter into partnership. Jalal invests 4 times as much as Amit and Amit invests three-fourth of what Feroz invests. At the end of the financial year, the total profit earned is Rs. 19,000. Find the share for Jalal.

A) Rs. 15000 B) Rs. 12000
C) Rs. 13000 D) Rs. 10000
 
Answer & Explanation Answer: B) Rs. 12000

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3 1990
Q:

If the selling price of an item is Rs 1000 after getting a discount of 20%, then what was the marked price (in Rs)?

A) 1200 B) 1250
C) 800 D) 1400
 
Answer & Explanation Answer: B) 1250

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1 1989
Q:

The marked price of an article is Rs. 5000. But due to a special festive offer a certain percent of discount is declared. Mr. X availed this oppurtunity and bought the article at reduced price. He then sold it at Rs. 5000 and thereby made a profit of 11 1/9%. The percentage of discount allowed was?

A) 10 B) 10/3
C) 15/2 D) 100/9
 
Answer & Explanation Answer: A) 10

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4 1989
Q:

The selling price of an article is Rs 816 if the discount on it is 15%. What would be the selling price of the article (in Rs) if the discount on it is 25%?

A) 750 B) 720
C) 800 D) 700
 
Answer & Explanation Answer: B) 720

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0 1989
Q:

After two successive discounts of 20% and 35%, an article is sold for Rs 50700. What is the marked price (in Rs) of the article?

A) 92500 B) 98500
C) 97500 D) 94000
 
Answer & Explanation Answer: C) 97500

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Exam Prep: AIEEE , Bank Exams , CAT

0 1988
Q:

20% discount is offered on an item. By applying a promo code the customer wins 10% cash back. What is the effective discount?

A) 30.8 percent B) 30 percent
C) 12 percent D) 28 percent
 
Answer & Explanation Answer: D) 28 percent

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1 1985
Q:

The list price (marked price ) of an article is Rs. 900 and is available at two successive discounts of 20% and 10% ; the selling price of the article,in rupees, is

A) 640 B) 648
C) 720 D) 738
 
Answer & Explanation Answer: B) 648

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4 1978
Q:

Cost price of a refrigerator is Rs 13400. If loss percentage is 4%, then what is the selling price (in Rs) of the refrigerator?

A) 12203 B) 12864
C) 14420 D) 11312
 
Answer & Explanation Answer: B) 12864

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3 1976