A merchant sells two items at ₹1,200 each. On one he gains 20% and on the other he loses 20%. What is his overall profit or loss percentage?
Answer: B
For 20% gain at ₹1,200: CP = 1,1200.20 = ₹1,000. For 20% loss at ₹1,200: CP = 1,0200.80 = ₹1,500. Total CP = ₹2,500, Total SP = ₹2,400. Loss = ₹100. Loss% = (2100,500) × 100 = 4%
Q.914Hard
The value of a car depreciates by 15% annually. If its current value is ₹8,00,000, what will be its value after 2 years?
Answer: A
# Depreciation Problem — Compound Decay
When a value depreciates by a fixed percentage annually, we use the compound depreciation formula: Vn=V0(1−r)n, where V0 is the initial value, r is the depreciation rate, and n is the number of years.
Step 1: Identify the given values
Initial value: V0=₹8,00,000
Annual depreciation rate: r=15%=0.15
Time period: n=2 years
Step 2: Set up the depreciation formula
After each year, the car retains (1−0.15)=0.85 of its previous value.
Vn=V0(0.85)n
Step 3: Substitute values
V2=8,00,000×(0.85)2
Step 4: Calculate step-by-step
First, find (0.85)2:
(0.85)2=0.7225
Then multiply by the initial value:
V2=8,00,000×0.7225=5,78,000
Answer: The car's value after 2 years will be ₹5,78,000(Option A)
Q.915Hard
A number is increased by 20% and then decreased by 15%. If the final number is 510, what was the original number?
Answer: A
Let original number = x. After 20% increase: 1.20x. After 15% decrease: 1.20x × 0.85 = 510. 1.02x = 510. x = 500
Q.916Easy
In an election, candidate A received 45% of the votes while candidate B received 35%. If 8,000 votes were invalid, what is the total number of votes cast? (Assuming 20% votes were invalid)
Answer: A
If 20% votes were invalid = 8,000, then total votes = 8,000 ÷ 0.20 = 40,000
Q.917Easy
A product's price is increased by 25%, then decreased by 20%. What is the net percentage change?
Answer: B
Let original price = 100. After 25% increase = 125. After 20% decrease on 125 = 125 × 0.80 = 100. Net = (105-100)/100 × 100 = 5% increase
Q.918Medium
A shopkeeper buys goods at ₹600 per unit. He marks them 40% above cost price. If he gives a 15% discount on marked price, what is his profit percentage?