GATE Questions

Q:

An item is sold at a loss of 10%. Had it sold for Rs. 9 more, a profit of 25/2% would have gained. What is the cost price of the item?

A) Rs. 90 B) Rs. 75
C) Rs. 55 D) Rs. 40
 
Answer & Explanation Answer: D) Rs. 40

Explanation:

Let the cost price of the item = Rs. 50

Sold at 10% loss => for Rs. 50 loss  S.P = Rs. 45

From the  given data,

25/2 % gain if it is sold at Rs. 9 more

56.25 - 45 = 9

=> 11.25 = 9

=> 22.5 = 18

=> 45 = 36

=> 50 = ?

=> C.P = 50 x 3645 = 40

 

Hence, the Cost price of the item = Rs. 40.

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Filed Under: Profit and Loss
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15 8385
Q:

Find the principal if the interest compounded at the rate of 10% per annum for two years is Rs. 420 ?

A) Rs. 2000 B) Rs. 2100
C) Rs. 1900 D) Rs. 2150
 
Answer & Explanation Answer: A) Rs. 2000

Explanation:

Given,
Compound rate, R = 10% per annum
Time = 2 years
C.I = Rs. 420
Let P be the required principal.
A = (P+C.I)
Amount, A = P1 + r100n

(P+C.I) = P1 + 101002

(P+420) = P[11/10][11/10]

P-1.21P = -420

0.21P = 420

Hence, P = 420/0.21 = Rs. 2000

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Filed Under: Compound Interest
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7 8375
Q:

There are 11 True or False questions. How many ways can these be answered ?

A) 11!/2 B) 1024
C) 11! D) 2048
 
Answer & Explanation Answer: D) 2048

Explanation:

Given 11 questions of type True or False

 

Then, Each of these questions can be answered in 2 ways (True or false)

 

Therefore, no. of ways of answering 11 questions = 211 = 2048 ways.

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Filed Under: Permutations and Combinations
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9 8368
Q:

If 35% of a number is 24 less than 50% of that number, then the number is ?

A) 80 B) 160
C) 100 D) 120
 
Answer & Explanation Answer: B) 160

Explanation:

Let the number be n. Then,

50% of n - 35% of n = 24

50/100 n - 35/100 n = 24

n = (24 x 100)/15 = 160.

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Filed Under: Percentage
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8 8351
Q:

A wholesale dealer allows a discount of 20 % on the marked price to the retailer. The retailer sells at 5% below the marked price. If the customer pays Rs.19 for an article, what profit is made by the retailer on it ?

A) Rs. 4 B) Rs. 3
C) Rs. 5 D) Rs. 1
 
Answer & Explanation Answer: B) Rs. 3

Explanation:

Let wholesaler dealers marked price = 100%, Retailer's C.P = 80%
And the retailer sells at 5% less than the marked price => S.P = 95%
If S.P of 95% of the retailer costs Rs.19 to customer,so its C.P of 80% will cost 80 x 19/95 = 16
Profit made by the retailer = 19-16 =  Rs.3

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Filed Under: Profit and Loss
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11 8342
Q:

Two pipes A and B can fill a tank in 15 min and 20 min respectively. Both the pipes are opened together but after 4 min, pipe A is turned off. What is the total time required to fill the tank ?

A) 15 min 20 sec. B) 16 min 40 sec.
C) 13 min 10 sec. D) 14 min 40 sec.
 
Answer & Explanation Answer: D) 14 min 40 sec.

Explanation:

Part filled in 4 minutes = 4(1/15 + 1/20) = 7/15

 

Remaining part = 1 - 7/15 = 8/15

 

Part filled by B in 1 minute = 1/20

 

1/20 : 8/15 :: 1 : k

 

k = (8/15 )x 1 x 20 = 10( 2/3) min = 10 min 40 sec.

 

The tank will be full in (4 min. + 10 min. 40 sec) = 14 min 40 sec.

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Filed Under: Pipes and Cistern
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7 8312
Q:

A certain amount is divided among P, Q and R in the ratio of 3 : 7 : 6 respectively. If the difference between share of P and Q is Rs. 2700, what is R's share?

A) Rs. 4050 B) Rs. 2121
C) Rs. 5040 D) Rs. 3550
 
Answer & Explanation Answer: A) Rs. 4050

Explanation:

Let the ratio amount be 'p'

7p - 3p = 2700

4p = 2700

p = 675

R's Share = 675 × 6 = Rs. 4050

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Filed Under: Partnership
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14 8311
Q:

Which of the following is a Composite number?

A) 0 B) 19
C) 29 D) 91
 
Answer & Explanation Answer: D) 91

Explanation:

Here in the given numbers 91 is a Composite number. Since it has factors of 7 and 13 other than 1 and itself.

 

Composite Numbers :

A composite number is a positive integer which is not prime (i.e., which has factors other than 1 and itself).

Examples :: 4, 6, 8, 12, 14, 15, 18, 20, ...

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Filed Under: Arithmetical Reasoning
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18 8295