A mobile phone is sold for ₹18,900 at a profit of 35%. What is its cost price?
A ₹12,800 B ₹14,000 C ₹15,200 D ₹16,500
Step 1: Selling Price = ₹18,900 and Profit = 35%.
Step 2: CP = SP / (1 + Profit%/100) = 18,1 900 .35 = ₹14,000.
Step 3: Verification: Profit = 14,000 × 0.35 = ₹4,900; SP = 14,000 + 4,900 = ₹18,900 ✓.
So option B is correct.
If a merchant sells rice at ₹56 per kg and makes a profit of 40%, at what price did he buy the rice?
A ₹35 per kg B ₹38 per kg C ₹40 per kg D ₹42 per kg
Step 1: Selling Price = ₹56 per kg and Profit = 40%.
Step 2: CP = SP / (1 + Profit%/100) = 1 56 .40 = ₹40 per kg.
Step 3: Verification: Profit = 40 × 0.40 = ₹16; SP = 40 + 16 = ₹56 ✓.
So option C is correct.
A bookstore purchases novels at ₹240 per unit and sells them at ₹288 per unit. What is the profit percentage?
A 18% B 20% C 22% D 25%
Step 1: Cost Price (CP) = ₹240, Selling Price (SP) = ₹288.
Step 2: Profit = SP - CP = 288 - 240 = ₹48.
Step 3: Profit% = (Profit/CP) × 100 = (240 48 ) × 100 = 20%.
So option B is correct.
If a watch is sold for ₹1,650 at a loss of 12%, what is its cost price?
A ₹1,875 B ₹1,850 C ₹1,920 D ₹1,800
Step 1: Loss = 12%, so SP = 88% of CP.
Step 2: Let CP = x, then 0.88x = 1650.
Step 3: x = 0 1650 .88 = ₹1,875.
So option A is correct.
A shopkeeper sells pens at ₹12 each, making a profit of 50%. How much does he spend to buy 180 pens?
A ₹1,440 B ₹1,320 C ₹1,480 D ₹1,550
Step 1: SP = ₹12, Profit = 50%, so CP = 1 12 .50 = ₹8 per pen.
Step 2: Cost for 180 pens = 8 × 180 = ₹1,440.
So option A is correct.
At what rate of simple interest per annum will ₹2,400 become ₹2,928 in 2 years?
A 10% p.a. B 11% p.a. C 12% p.a. D 13% p.a.
Step 1: Interest = 2,928 - 2,400 = ₹528.
Step 2: Using SI = (P × R × T) / 100, we get 528 = (2,400 × R × 2) / 100.
Step 3: 528 = 48R, so R = 11% p.a.
Option B is correct.
In how many years will ₹3,600 amount to ₹4,392 at 11% simple interest per annum?
A 2 years B 2.5 years C 3 years D 3.5 years
Step 1: Interest = 4,392 - 3,600 = ₹792.
Step 2: Using SI = (P × R × T) / 100, we get 792 = (3,600 × 11 × T) / 100.
Step 3: 792 = 396T, so T = 2 years.
Option A is correct.
Priya borrowed ₹8,000 from a moneylender at 15% simple interest per annum. If she paid ₹3,600 as interest, for how long did she borrow the money?
A 2 years B 2.5 years C 3 years D 3.5 years
Using SI = (P × R × T) / 100, we have 3,600 = (8,000 × 15 × T) / 100.
Step 1: 3,600 = 1,200T.
Step 2: T = 3,1 600 ,200 = 3 years.
Option C is correct.
Raj invested ₹12,000 at 8% per annum compound interest. What will be the amount after 2 years?
A ₹13,996.80 B ₹13,872.00 C ₹14,112.00 D ₹13,920.00
Step 1: Use compound interest formula A = P(1 + r/100)^n.
Step 2: A = 12000(1 + 100 8 )^2 = 12000(1.08)^2 = 12000 × 1.1664 = 13,996.80.
Step 3: The amount after 2 years is ₹13,996.80.
A sum of money doubles itself at 10% per annum compound interest. In how many years will it double?
A 7.2 years B 7.5 years C 8 years D 6.5 years
Step 1: Use formula 2P = P(1.10)^n where 2P is the doubled amount.
Step 2: Divide by P to get 2 = (1.10)^n.
Step 3: Taking log: n = log(2)/log(1.10) = 0.0 301 .0414 ≈ 7.2 years.
A shirt marked at ₹800 is sold at a discount of 15%. What is the selling price?
A ₹680 B ₹720 C ₹760 D ₹740
Step 1: Discount = 15% of ₹800 = 0.15 × 800 = ₹120.
Step 2: Selling Price = Marked Price - Discount = 800 - 120 = ₹680.
Therefore, option A is correct.
If the price of milk increases from ₹40 per liter to ₹50 per liter, what is the percentage increase?
A 20% B 22.5% C 25% D 27.5%
Step 1: Increase in price = ₹50 - ₹40 = ₹10.
Step 2: Percentage increase = (Increase/Original Price) × 100 = (40 10 ) × 100 = 25%.
Therefore, option C is correct.
A student scored 72 marks out of 120 in an exam. What is the percentage of marks obtained?
A 58% B 60% C 62% D 65%
Step 1: Percentage = (Marks obtained/Total marks) × 100 = (120 72 ) × 100.
Step 2: = 0.6 × 100 = 60%.
Therefore, option B is correct.
A shopkeeper buys an item for ₹250 and wants to earn a profit of 20%. At what price should the item be sold?
A ₹295 B ₹300 C ₹310 D ₹315
Step 1: Profit = 20% of ₹250 = 0.20 × 250 = ₹50.
Step 2: Selling Price = Cost Price + Profit = 250 + 50 = ₹300.
Therefore, option B is correct.
The population of a town was 50,000 last year. If it increased by 8% this year, what is the current population?
A 53,500 B 54,000 C 54,500 D 55,000
Step 1: Population increase = 8% of 50,000 = 0.08 × 50,000 = 4,000.
Step 2: Current population = 50,000 + 4,000 = 54,000.
Therefore, option B is correct.
A factory reduces its production by 18% due to lockdown. If the original production was 5,000 units per day, how many units are produced now?
A 4,000 units B 4,050 units C 4,100 units D 4,150 units
Step 1: Reduction in production = 18% of 5,000 = 0.18 × 5,000 = 900 units.
Step 2: Current production = 5,000 - 900 = 4,100 units per day.
Therefore, option C is correct.
A merchant buys a shirt for ₹240 and sells it for ₹312. What is the profit percentage?
A 25% B 30% C 32% D 28%
Step 1: Profit = Selling Price - Cost Price = 312 - 240 = ₹72.
Step 2: Profit% = (Profit/CP) × 100 = (240 72 ) × 100 = 30%.
So option B is correct.
If a vendor sells bananas at a loss of 15% and the cost price is ₹500 per kg, at what price does he sell per kg?
A ₹415 B ₹425 C ₹420 D ₹435
Step 1: Loss = 15% of CP = 15% of 500 = ₹75.
Step 2: Selling Price = CP - Loss = 500 - 75 = ₹425 per kg.
So option B is correct.
Rajesh borrowed ₹8000 from a bank at a simple interest rate of 6% per annum for 3 years. How much total amount will he have to repay?
A ₹9440 B ₹9440 C ₹9280 D ₹9600
Step 1: Use SI formula = (P × R × T) / 100.
Step 2: SI = (8000 × 6 × 3) / 100 = 100 144000 = ₹1440.
Step 3: Total Amount = Principal + SI = 8000 + 1440 = ₹9440.
At what rate of simple interest per annum will ₹5000 amount to ₹6500 in 5 years?
A 5% B 6% C 7% D 8%
Step 1: SI = Amount - Principal = 6500 - 5000 = ₹1500.
Step 2: Use SI = (P × R × T) / 100, so 1500 = (5000 × R × 5) / 100.
Step 3: 1500 = 250R, therefore R = 250 1500 = 6% per annum.