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:

The marked price of an article is Rs 960 and it is sold at a discount of Rs 192. What is the discount percentage?

A) 15 B) 20
C) 25 D) 30
 
Answer & Explanation Answer: B) 20

Explanation:
Report Error

View Answer Report Error Discuss

Filed Under: Percentage
Exam Prep: Bank Exams

1 877
Q:

A dealer sells a machine having marked price as Rs 3840 at a discount of 20%. What is the selling price (in Rs) of the machine?

A) 3072 B) 3500
C) 4608 D) 3240
 
Answer & Explanation Answer: A) 3072

Explanation:
Report Error

View Answer Report Error Discuss

Filed Under: Percentage
Exam Prep: Bank Exams

3 876
Q:

A shopkeeper by selling 21 Nike shoes, earns a profit equal to the selling price of 5 Nike shoes. His profit percentage is

A) 31.25 percent B) 23.8 percent
C) 47.6 percent D) 16.35 percent
 
Answer & Explanation Answer: A) 31.25 percent

Explanation:
Report Error

View Answer Report Error Discuss

Filed Under: Percentage
Exam Prep: Bank Exams

0 872
Q:

Two successive discounts of 10% and 25% are given by Raman on a shirt. If the marked price of the shirt is Rs 600, then what is the value (in Rs) of discount?

 

A) 195   B) 185  
C) 155   D) 135
 
Answer & Explanation Answer: A) 195  

Explanation:
Report Error

View Answer Report Error Discuss

Filed Under: Percentage
Exam Prep: Bank Exams

6 872
Q:

The marked price of an article is Rs 2400. It is sold at two successive discounts of 10% and 15%. What is the selling price (in Rs) of the article?

 

A) 1836 B) 1924
C) 1848 D) 1976
 
Answer & Explanation Answer: A) 1836

Explanation:
Report Error

View Answer Report Error Discuss

Filed Under: Percentage
Exam Prep: Bank Exams

5 871
Q:

Ravi had five subjects in his final examination. The maximum marks in each subject are 100. If his percentage in four subjects is 80, and he scores 65 marks in the fifth subject, determine his overall percentage for the five subjects.

A) 0.78 B) 0.79
C) 0.77 D) 0.76
 
Answer & Explanation Answer: C) 0.77

Explanation:
Report Error

View Answer Report Error Discuss

Filed Under: Percentage
Exam Prep: Bank Exams

0 870
Q:

The sum of three numbers is 67. If the ratio of the first number to the second number is 3 : 5 and that of the second number to the third number is 4 : 7, then what is the second number ?

A) 20 B) 24
C) 18 D) 16
 
Answer & Explanation Answer: A) 20

Explanation:
Report Error

View Answer Report Error Discuss

Filed Under: Percentage
Exam Prep: Bank Exams

2 866
Q:

A shopkeeper marks up his wares by 60% and offers 25% discount. What will be the selling price (in Rs) if the cost price is Rs 1600?

A) 1920 B) 2000
C) 2120 D) 2200
 
Answer & Explanation Answer: A) 1920

Explanation:
Report Error

View Answer Report Error Discuss

Filed Under: Percentage
Exam Prep: Bank Exams

0 864