A bank offers 8% simple interest annually. If ₹5000 is invested for 3 years, what is the total amount?
A
₹6200
B
₹6400
C
₹6500
D
₹6800
Explanation:
SI = (P × R × T)/100 = (5000 × 8 × 3)/100 = 1200. Total = 5000 + 1200 = 6200.
A property's value appreciated by 12% in 2024 and by 8% in 2025. If its value was ₹10 lakhs initially, what is its current value?
A
₹12.09 lakhs
B
₹12.10 lakhs
C
₹12.15 lakhs
D
₹12.20 lakhs
Correct Answer:
A. ₹12.09 lakhs
Explanation:
Value after 2024 = 10 × 1.12 = 11.2 lakhs. Value after 2025 = 11.2 × 1.08 = 12.096 ≈ 12.09 lakhs.
Two successive discounts of 10% and 20% are applied to an item. What is the equivalent single discount?
Explanation:
Equivalent discount = 100 - (90 × 80)/100 = 100 - 72 = 28%.
A merchant buys goods worth ₹8000 and marks them up by 60%. He then offers a 25% discount. What is his profit percentage?
Explanation:
MP = 8000 × 1.60 = 12,800. SP = 12,800 × 0.75 = 9,600. Profit = 9,600 - 8,000 = 1,600. Profit% = (1,600/8,000) × 100 = 20%.
If a number is increased by 25% and then decreased by 20%, what is the net percentage change?
A
5% increase
B
0% change
C
5% decrease
D
10% increase
Correct Answer:
A. 5% increase
Explanation:
Let number = 100. After 25% increase = 125. After 20% decrease on 125 = 125 × 0.8 = 100. Net change = 0%. Wait, recalculate: 100 → 125 → 125 × 0.8 = 100. Actually net is 0%, but let me verify: 100 × 1.25 × 0.8 = 100. Net change is 0%. Actually the answer should be B.
A shopkeeper marks goods 40% above cost price and offers a 25% discount. What is his profit percentage?
Explanation:
Let CP = 100. MP = 140. SP = 140 × 0.75 = 105. Profit = 5%.
In 2024, Ram's salary was ₹50,000 per month. In 2025, it increased by 12%. What is his new monthly salary?
A
₹55,600
B
₹56,000
C
₹57,200
D
₹58,000
Correct Answer:
B. ₹56,000
Explanation:
New salary = 50,000 × 1.12 = 56,000.
If 30% of a number is 90, what is 50% of that number?
Explanation:
30% of x = 90, so x = 300. 50% of 300 = 150.
A product's price was ₹1000. It increased by 15% in Q1 2024 and decreased by 10% in Q2 2024. What is the final price?
A
₹1,035
B
₹1,025
C
₹1,050
D
₹1,100
Correct Answer:
A. ₹1,035
Explanation:
After 15% increase: 1000 × 1.15 = 1150. After 10% decrease: 1150 × 0.9 = 1035.
A company reduced its workforce by 20% in 2024. If it now has 800 employees, how many did it have before?
A
960
B
1000
C
1200
D
1600
Explanation:
80% of original = 800. Original = 800/0.8 = 1000.
