1. An article is marked 40% above the cost price and sold at a 15% discount. What is the profit percent made?
a) 15%
b) 17%
c) 19%
d) 21%
Answer: c) 19%
Explanation: Let the cost price (C.P.) of an article be $100.
An article is marked 40% above the cost price.
2. The cost price of 10 pencils is the same as the selling price of 8 pencils. What is the profit or loss per cent made if all the pencils bought are considered to be sold?
a) 20% Profit
b) 25% Profit
c) 25% Loss
d) 25% No Profit No Loss
Answer: b) 25% Profit
Explanation: Let the cost price of 10 pencils be $100.
Selling price of 8 pencils = Cost price of 10 pencils = $100
3. An old car is bought for $12000 and $100 is spent on its transportation. What is the selling price of it in order to gain 5% on the whole?
a) $12705
b) $12750
c) $13705
d) $13750
Answer: a) $12705
Explanation: C.P. of an old car = $12000
Amount spent on transportation = $100
Total C.P. of a car = $(12000 + 100) = $12100
Profit% = 5%
4. Antony and Brutus invest $36000 and $25000, respectively at the same rate of interest per annum. If at the end of 4 years, Antony gets $2860 more interest than Brutus, what is the rate of interest per annum?
a) 5%
b) 5%
c) 5%
d) 5%
Answer: c) 6.5%
Explanation:
5. If 7.5 : 13 :: Z : 78, what will be the value of 7Z?
a) 295
b) 315
c) 365
d) 395
Answer: b) 315
Explanation:
Product of extremes = Product of means
⇒ 7.5 × 78= 13 × Z [If a : b :: c : d then ad = bc]
⇒ Z = 7.5×78⁄13
⇒ Z = 45
Value of 7Z = 7 × Z = 7 × 45 = 315
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