The discount on an item for sale is calculated on the _________
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Solution: Marked price
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The discount on an item for sale is calculated on the _________
Solution: Marked price
When principal P is compounded semi-annually at r % per annum for t years, then Amount = ______
Solution: A = P(1+R/200)2t
Percentages are equal to fractions with _________ equal to 100.
Solution: Denominator
The marked price of an article when it is sold for Rs. 880 after a discount of 12% is ______
Solution: Rs.1000
Explanation: selling price = Rs.880
Discount percentage = 12%
Let x be the marked price.
Since, discount is calculated on marked price, thus;
x – x × (12/100) = 880
88x /100 = 880
x = 10 × 100 = 1000
The compound interest on Rs 8,000 for one year at 16% p.a. compounded half yearly is ______, given that (1.08)2 = 1.1664.
Solution: Rs. 9331.2
Explanation: Principal = Rs.8000
Time period = 1 year
Rate = 16% = 16/100 = 0.16
Amount = P ( 1+r/n)nt
n = 2 (compounded half yearly in a year)
A = 8000(1+0.16/2)2×1 = 8000 (1+0.08)2 = 8000 (1.08)2
A = 8000 × 1.1664
A = 9331.2
In the first year on an investment of Rs. 6,00,000, the loss is 5%, and in the second year, the gain is 10%, the net result is 627000.
Solution: 627000
Explanation: Investment amount = 600000
Loss in first year = 5%.
So, investment in first year = 600000 – (5/100) x 600000 = 600000 – 30000 = 570000
In second year, the gain is 10%.
So, net result = 570000 + (10/100) x 570000 = 570000 + 57000 = 627000
If amount on the principal of Rs 6,000 is written as 6000 [1+5/100]3 and compound interest is payable half yearly, then the rate of interest p.a. is ____ and time in years is ______.
Solution: Rate – 10% and 1.5 years
By selling an article for Rs 1,12,000, a girl gains 40%. The cost price of the article was _______
Solution: Rs.80000
Explanation: Selling price of the article = ₹112000
Gain% = 40%
Say, x is the cost price of the article.
Since, cost price = selling price – profit % on cost price
Therefore, Selling price = cost price + profit % on cost price
Hence,
112000 = x + x × (40/100)
112000 = x + (2/5)x
112000 = 7x/5
x = (112000 × 5)/7
x = 80000
The loss per cent on selling 140 geometry boxes at the loss of S.P. of 10 geometry boxes is equal to _____
Solution: 20/3%
Explanation: Say, the selling price of one geometry box = Rs.1
So, the selling price of 140 geometry boxes = 1 × 140 = Rs.140
Selling price of 10 geometry boxes = Rs.10
Loss = Rs. 10
Loss percentage = Loss/CP × 100
= 10/(140+10) × 100
= 10/150 × 100
= 20/3%
The cost price of 10 tables is equal to the sale price of 5 tables. The profit per cent in this transaction is _____
Solution: 100%
Explanation: Say, the cost price of one table is Rs.1
Cost price of 10 tables = Sale price of 5 tables (Given)
Sale price of 5 tables profit = cost price of 5 tables = Rs. 5
Profit percentage = Profit/CP × 100
= 5/5 × 100 = 100%