GRE Questions

Q:

In a certain Business, the profit is 220% of the cost. If the cost increases by 25% but the selling price remains constant, approximately what percentage of the selling price is the profit ?

A) 61% B) 75%
C) 55% D) 81%
 
Answer & Explanation Answer: A) 61%

Explanation:

Let C.P.= Rs. 100.

Then, Profit = Rs.220, 

S.P. = Rs.320.

 

New C.P. = 125% of Rs. 100 = Rs. 125 

New S.P. = Rs.320.

Profit = Rs. (320 - 125) = Rs. 195

 

Required percentage = 195320×100== 60.9 =~ 61%

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7 9547
Q:

When Raj Tarun was born, his father was 32 years older than his brother and his mother was 25 years older than his sister. If Raj Tarun's brother is 6 years older than Raj Tarun and his mother is 3 years younger than his father, how old was Raj Tarun's sister when Raj Tarun was born ?

A) 5 B) 10
C) 15 D) 8
 
Answer & Explanation Answer: B) 10

Explanation:

Raj Tarun's age = 0 when he was born.
Then, given his brother is 6 years old.
Then his father is 6 + 32 = 38 when Raj Tarun was born
And his mother is 3 years yonger than his father => so his mother was 35 years old when Raj Tarun was born
and his sister is 25 year younger than his mother
so Raj Tarun's sister was 10 years old when Raj Tarun was born.

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Filed Under: Problems on Ages
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12 9475
Q:

A group of men can complete a job in K hours. After every 4 hours, half the number of men working at that point of time leave the job. Continuing this way if the job is finished in 16 hours, what is the value of K ?

A) 7 hrs B) 7.5 hrs
C) 8 hrs D) 8.25 hrs
 
Answer & Explanation Answer: B) 7.5 hrs

Explanation:

Let there are L men

job requires LK man hours.

 

job completed in first 4 hrs = L x 4 = 4L

job completed in next 4 hrs = 4 x L/2 = 2L

job completed in next 4 hrs = 4 x L/4 = L

job completed in last 4 hrs = 4 x L/8 = L/2

4L + 2L + L + L/2 = KL

K = 7+1/2 = 7.5 hours.

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Filed Under: Time and Work
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5 9408
Q:

An amount doubles itself in 15 years. what is the rate of interest ?

A) 7.85 % B) 9.41%
C) 6.66 % D) 4.21 %
 
Answer & Explanation Answer: C) 6.66 %

Explanation:

Let the principle be Rs. P
As the amount double itself the interest is Rs. P too
So P = P x r x 15/100
=> r = 100/15 = 20/3 % = 6.66 %.

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Filed Under: Simple Interest
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5 9392
Q:

An Engine length 1000 m moving at 10 m/s. A bird is flying from engine to end with 'x' m/s and coming back at '2x' m/s. Take total time of bird travelling as 187.5 s. Find x and 2x in km/hr ?

A) 21.4 and 42.8 B) 25.2 and 50.4
C) 31.4208 and 62.8416 D) 33.12 and 66.24
 
Answer & Explanation Answer: C) 31.4208 and 62.8416

Explanation:

Birds speeds in mtrs/sec is 'x' and '2x' .
While flying from Engine to end, relative speed = (x+10) m/sec
from end to engine, flying speed = (2x - 10) mtr/sec
so
1000/(x+10) + 1000/(2x-10) = 187.5 secs
solving it, we get
so x = 8.728 m/sec and 2x= 17.456 m/sec

x = 31.4208 km/hr and 2x = 62.8416 km/hr.

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Filed Under: Problems on Trains
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11 9391
Q:

How many days in 4 years?

A) 1460 B) 1461
C) 1462 D) 1459
 
Answer & Explanation Answer: A) 1460

Explanation:

Days in 4 years => 

Let the first year is Normal year i.e, its not Leap year. A Leap Years occurs once for every 4 years.

4 years => 365 + 365 + 365 + 366(Leap year)

4 years => 730 + 731 = 1461

 

Therefore, Number of Days in 4 Years = 1461 Days.

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23 9370
Q:

The value of a machine depreciates at the rate of 10% every year. It was purchased 3 years ago. If its present value is Rs. 8,748, its purchase price was ?

A) Rs.14,000 B) Rs.12,000
C) Rs. 12,800 D) Rs. 15,000
 
Answer & Explanation Answer: B) Rs.12,000

Explanation:

We have P = 8748, R = -10 and n = 3
Therefore, the purchase price of the machine
= P1+R100n= 87481-101003
= 8748 x (100/90) x (100/90) x (100/90)
= 12,000.

 

Therefore, the purchase price of the machine was Rs. 12,000.

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7 9368
Q:

The market price of an article was 40% more than its cost price. Rana was going to sell it at market price to a customer, but he showed Rana some defects in the article, due to which Rana gave him a discount of 28.57%. Next day he came again and showed Rana some more defects, hence he gave him another discount that was equal to 12.5% of the cost price. What was the approximate profit/loss to Rana ?

A) Loss of 12.5% B) Profit of 12.5%
C) Loss of 24.5% D) Profit of 22.5%
 
Answer & Explanation Answer: A) Loss of 12.5%

Explanation:

Let the cost price be Rs. 100
Then, market price is Rs. 140
Now, the first discount is of 28.57% Rs.140 =~ Rs. 40
Hence, its selling price = 140 - 40 = Rs. 100
Now since Rana is selling at cost price, any further discount will be equal to loss percentage.
The next dicount of 12.5% will be the loss percentage to Rana.

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Filed Under: Profit and Loss
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