Profit and Loss - Mock Test 2

Question 11

A man buys a toy for Rs. 246 and sells it for Rs.507. Find his gain/loss percentage.

A) 115.1 B) 106.1 C) 117.1 D) 122.1

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Profit = 507 - 246 = 261 Rs. Profit Percentage = (261/246)*100 Answer - 106.1%

Question 12

A man buys a toy for Rs. 59 and sells it for Rs.507. Find his gain/loss percentage.

A) 762.32 B) 759.32 C) 777.32 D) 787.32

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Profit = 507 - 59 = 448 Rs. Profit Percentage = (448/59)*100 Answer - 759.32%

Question 13

A man buys a toy for Rs. 119 and sells it for Rs.507. Find his gain/loss percentage.

A) 333.05 B) 346.05 C) 330.05 D) 326.05

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Profit = 507 - 119 = 388 Rs. Profit Percentage = (388/119)*100 Answer - 326.05%

Question 14

A amount of Rs. 500 amounts to Rs. 583.20 in two years if compounded annually. Find the rate of interest per annum

A) 5.6 % B) 6 % C) 8 % D) 9.2 %

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Question 15

Find compound interest on Rs. 8500 at 4 % per annum for 2 years, compounded annually

A) Rs. 752.6 B) Rs. 693.6 C) Rs. 553.6 D) Rs. 593.6

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Question 16

Find the compound interest on Rs. 20,000 in 2 years at 4 % per annum, the interest being compounded half-yearly

A) Rs. 1648.64 B) Rs. 1596.32 C) Rs. 14826.56 D) Rs. 11563.99

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Question 17

Find the compound interest on Rs. 5000 for 9 months at 6% per annum, if the interest is reckoned quarterly

A) Rs. 218.98 B) Rs. 228.39 C) Rs. 250.69 D) Rs. 356.50

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Question 18

The population of a city increases 5 % annually but decreases by ¼ % due to emigration. Find the net increase in percent in 3 years.

A) 8.63 % B) 11.89 % C) 13.25 % D) 14.93 %

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Question 19

Father is 3 times more aged than his daughter. If after 5 years, he would be 3 times of daughter’s age, then further after 5 years, how many times he would be of his daughter’s age

A) 1 (½) times B) 2 times C) 2.5 times D) 3 times

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Question 20

5 years ago, sister’s age was 5 times the age of her brother and the sum of present ages of sister and brother is 34 years. What will be the age of her brother after 6 years

A) 12 years B) 13.5 years C) 15 years D) 20 years

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