Govt. Exams
Entrance Exams
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Topics in Quantitative Aptitude
If the price of rice increases by 25%, by what percentage should consumption be reduced to keep expenditure constant?
Correct Answer:
C. 20%
EXPLANATION
New price = 1.25P. For constant expenditure: New consumption = 1/1.25 = 0.8. Reduction = 20%.
The cost price of an item is ₹400. After giving a discount of 15%, the profit earned is 25%. What was the marked price?
Correct Answer:
A. ₹588.24
EXPLANATION
Step 1: Profit = 25% of ₹400 = 0.25 × 400 = ₹100.
Step 2: Selling Price = Cost Price + Profit = 400 + 100 = ₹500.
Step 3: Let Marked Price = M.
After 15% discount: M × (1 - 0.15) = 500, so M × 0.85 = 500, M = 500/0.85 = ₹588.24 (approximately).
Therefore, option A is correct.