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Q:

ITC sells one product at a profit of 20% another at a loss of 20% at the same selling price. What is the loss incurred by ITC?

A) 1% B) 2%
C) 4% D) 0%
 
Answer & Explanation Answer: C) 4%

Explanation:

loss % = common gain or loss102 %

 

           = (20/10)x(20/10)% = 4%

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Filed Under: Profit and Loss
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18 10756
Q:

A person sold two cows each for Rs.9900. If he gained 10% on one and lost 20% on the other, then which of the following is true?

A) He Gained Rs. 200 B) He lost Rs. 200
C) He neither gained nor lost D) None of the above
 
Answer & Explanation Answer: D) None of the above

Explanation:

The CP of profitable cow  = 9900/1.1 = 9000

 

and profit = Rs. 900

 

The  CP of loss yielding cow = 9900/0.8 = 12375

 

and loss = Rs. 2475

 

so, the net loss = 2475 - 900 = 1575

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Q:

The ratio of cost price and marked price of an article is 2:3 and ratio of percentage profit and percentage discount  is 3:2 . what is the discount percentage?

A) 16.66% B) 20%
C) 25% D) 33.33%
 
Answer & Explanation Answer: A) 16.66%

Explanation:

     CP : MP = 2x : 3x

 => Profit = x

 

( %) profit : (%) discount = 3:2

 

Let  CP = 2000,  SP = 300

 

But  3x100×200 + 2x100×300 = 100

 

=>  x = 8.33%

 

Discount 2x = 16.66% 

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Filed Under: Indian Politics
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50 23557
Q:

A milkman purchases the milk at Rs. x per litre and sells it at Rs. 2x per litre still he mixes 2 litres water with every 6 litres of pure milk. What is the profit percentage?

A) 116% B) 166.66%
C) 60% D) 100%
 
Answer & Explanation Answer: B) 166.66%

Explanation:

Let the cost price of 1-liter pure milk be Re.1, then 

 6 liters (milk)   C.P = Rs. 62 liters (water)  C.P = Rs. 0CP = Rs.6 only

 

8 litre mixture  =>

SP =>  8 x 2 = Rs. 16

 

Profit % = 16 - 66x100 = 10006 = 166.66%

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389 57751
Q:

A Shepherd had n goats in the year 2000. In 2001 the no.of goats increased by 40% . In 2002 the no. of goats declined to 70%. In 2003 the no. of  goats grew by 30%. In 2004, he sold 10% goats, then he had only 34,398 goats. The percentage increase of the no.of goats in this duration was:

A) 14.66% B) 16.66%
C) 20% D) 33.33%
 
Answer & Explanation Answer: A) 14.66%

Explanation:

There is no need to use the no of goats i.e (34,398). let initially thete be 1000 goats then 

 

  1000 -----> 1400 -----> 980 -----> 1274 ----->1146.6

 

Thus the % increase = (1146.6-1000)/100 x 100= 14.66%

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7 8934
Q:

In a factory there are three types of Machines M1 , M2 and M3 which produces 25%, 35% and 40% of the total products respectively. M1, M2 and M3 produces 2% , 4% and 5% defective products, respectively. What is the percentage of non-defective products?

A) 89% B) 97.1%
C) 96.1% D) 86.1%
 
Answer & Explanation Answer: C) 96.1%

Explanation:

Non- defective products

 

25x0.98+35x0.96+40x0.95100 x 100 = 96.1

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22 13773
Q:

A man lost half of its initial amount in the gambling after playing 3 rounds. The rule of gambling is that if he wins he will receive Rs. 100, but he has to give 50% of the total amount after each round.Luckily he won all the three rounds. The initial amount with which he had started the gambling was :

A) 500/3 B) 700/3
C) 300 D) 600
 
Answer & Explanation Answer: B) 700/3

Explanation:

Let the initial amount be x (with gambler), then 

 x+10012 + 10012+10012 = x2

=> x = 700/3

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20 15225
Q:

Each edge of a cube is increased by 20% then the percentage increase in surface area of the cube is : 

A) 144% B) 40%
C) 44% D) 72.8%
 
Answer & Explanation Answer: C) 44%

Explanation:

The surface area of a cube = 6a2 =  6 side2

 

New  Surface area = 6 x 1.44a2

 

Therefore, 0.44a2a2x100 = 44%

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