GRE Questions

Q:

If the selling price of a mat is five times the discount offered and if the percentage of discount is equal to the percentage profit, find the ratio of the discount offered to the cost price.

A) 6:31 B) 11:30
C) 7:30 D) 31:6
 
Answer & Explanation Answer: C) 7:30

Explanation:

Since S.P. = 5 (M.P. - S.P.) => 5 M.P. = 6 S.P.
M.P. = (6/5) S.P.
Since the percentage discount = Percentage profit,
65S.P - S.P65S.P×100 = S.P -C.PC.P×100
Therefore, 1/6 = (S.P/C.P) – 1 => S.P = (7/6) C.P
M.P = 6/5 S.P = 6/5 x 7/6 C.P = 7/5 C.P
Therefore, Ratio of discount to C.P
= (M.P – S.P)/C.P = [{(7/5)C.P - (7/6)C.P} / C.P.]
= 7/30

 

Therefore, the ratio is 7 : 30

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Filed Under: Profit and Loss
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32 21001
Q:

The study of Heavenly bodies is called

A) Astronomy B) Astrology
C) Astrophysics D) Astronautics
 
Answer & Explanation Answer: A) Astronomy

Explanation:

Astronomy is the study of planets and heavenly bodies. Historically, astronomy has focused on observations of heavenly bodies. It is a close cousin to astrophysics. Succinctly put, astrophysics involves the study of the physics of astronomy and concentrates on the behavior, properties and motion of objects out there.
 

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60 20927
Q:

What loses its head every morning and gets it back every night?

A) Pillow B) Candle
C) Moon D) Light
 
Answer & Explanation Answer: A) Pillow

Explanation:
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29 20881
Q:

An employee may claim Rs. 7.00 for each km when he travels by taxi and Rs. 6.00 for each km if he drives his own car. If in one week he claimed Rs. 595 for traveling 90 km. How many kms did he travel by taxi ?

A) 55 kms B) 35 kms
C) 25 kms D) 65 kms
 
Answer & Explanation Answer: A) 55 kms

Explanation:

Let x and y be the respective km's travelled by man via taxi and by his own car.
Given x + y = 90 => x = 90 - y
But according to the question,
7x + 6y = 595
7(90-y) + 6y = 595
=> 630 - 7y + 6y = 595
=> y = 630 - 595 = 35
=> x = 90 - 35 = 55
Therefore, the distance travelled by taxi is 55 kms.

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Filed Under: Time and Distance
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24 20874
Q:

Yard is to Inch as Quart is to

A) Milk B) Gallon
C) Liquid D) Ounce
 
Answer & Explanation Answer: D) Ounce

Explanation:

Yard is to Inch as Quart is to Ounce.

Because Yard and Inch are units of measurement Where Yard is larger than Inch i.e, 1 Yard = 36 Inches.

So, here Quart and Ounce are also units of measurement where Quart is larger than Ounce i.e, 1 Quart = 32 Ounces.

Gallon is not correct because Gallon is larger than Quart and Milk and Liquid are not units of measurement.

So, Ounce is correct.

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21 20857
Q:

The difference between simple interest and compound interest on Rs. 1200 for one year at 10% per annum reckoned half yearly is

A) Rs.2.50 B) Rs.3
C) Rs.4 D) Rs.4.50
 
Answer & Explanation Answer: B) Rs.3

Explanation:

S.I

= Rs.(1200x10x1/100)

= Rs.120.

 

C.I

= Rs[(1200x1+5/100)² -1200]

= Rs.123. 

 

Difference

= Rs.[123-120]

= Rs. 3.

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Filed Under: Compound Interest
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29 20625
Q:

A sweet seller sells 3/5th part of sweets at a profit of 10% and remaining at a loss of 5%. If the total profit is Rs 1500, then what is the total cost price of sweets ?

A) Rs.37,500 B) Rs.36,400
C) Rs.37,415 D) Rs.36,500
 
Answer & Explanation Answer: A) Rs.37,500

Explanation:

Assume A be the cost price.

 

Therefore,
35×A×10100 - 25×A×5100 = 1500

 

=>  A = Rs 37,500.

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30 20619
Q:

Ram and Raj start a business with investments of Rs. 2500 and Rs. 2250 respectively. After 2 months, Ram takes out Rs.1250 from his capital. After 1 more month, Raj takes out Rs.750 of his capital while Rakesh joins them with a capital of Rs. 3500. At the end of 6 months, they earn a profit of Rs. 2540. Which of the following is the share of each member in the profit ?

A) Ram - Rs. 800, Raj - Rs. 900, Rakesh - Rs. 840 B) Ram - Rs. 900, Raj - Rs. 800, Rakesh - Rs. 840
C) Ram - Rs. 840, Raj - Rs. 920, Rakesh - Rs. 840 D) Ram - Rs. 800, Raj - Rs. 900, Rakesh - Rs. 940
 
Answer & Explanation Answer: A) Ram - Rs. 800, Raj - Rs. 900, Rakesh - Rs. 840

Explanation:

Initial investment of Ram = Rs.2500.
After 2 months he withdraw Rs.1250 from his capital.
Therefore, we have, Ram invested Rs.2500 for 2 months and Rs.(2500-1250=) 1250 for 4 months.

Raj invested Rs. 2250 for 3 months and Rs.(2250-750=) 1500 for 3 months.

And, Rakesh invested Rs.3500 for 3 months;

Their investing ratio:
Ram:Raj:Rakesh = (2500x2 + 1250x4):(2250x3 + 1500x3):(3500x3)
= (10,000):(11,250):(10,500) = 1000:1125:1050 = 40:45:42

Total profit for 6 months = Rs.2540
Therefore, Ram's share = Rs.(2540 x 40/(40+45+42)) = Rs.(2540 x 40/127) = Rs.800
Raj's share = Rs.(2540 x 45/127) = Rs.900
Rakesh's share = Rs.(2540 x 42/127) = Rs.840

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8 20319