MCQ 2011 Mark
If the selling price of $50$ articles is equal to the cost price of $40$ articles then the loss and gain percent is:
- A
$20\%$ gain
- ✓
$20\%$ loss
- C
$25\%$ loss
- D
$25\%$ gain
AnswerCorrect option: B. $20\%$ loss
Let $C.P$ of one article $= 1\ Rs.$
Then $C.P$ of $40$ article $= 40\ Rs.$
According to the question
$S.P$ of $50$ article $= C.P$ of $40$ article $= 40\ Rs.$
We assume that $C.P$ of one article $= 1\ Rs.$
then $C.P$ of $50$ article $= 50\ Rs.$
Loss $= 50 - 40 = 10\ Rs.$
Loss $\%=\frac{10}{50}\times100=20\%$
View full question & answer→MCQ 2021 Mark
what should be percentage gain on a product when it is sold for $Rs. 120$ with a gain of $Rs. 20.$
- ✓
$20\%$
- B
$25\%$
- C
$22\%$
- D
$16.25\%$
AnswerCorrect option: A. $20\%$
$S.P = 120$ rupees
Profit $= 20$ rupees
$C. P = S.P -$ Profit
$= 120 - 20$
$= 100$ rupees
$\text{Profit%} = \frac{20}{100}\times 100 = 20\%$
View full question & answer→MCQ 2031 Mark
Tick $(\checkmark)$ the correct answer in the following: The compound interest on $Rs. 4000$ at $10\%$ per annum for $2$ years $3$ months, compounded annually, is.
- ✓
$Rs. 916$
- B
$Rs. 900$
- C
$Rs. 961$
- D
$Rs. 896$
AnswerCorrect option: A. $Rs. 916$
$(A) Rs. 916$
Principal $(P) = Rs. 4000$
Rate $(r) = 10\%$ p.a
Period $(n) = 2$ years $3$ months $=2\frac{1}{4}\text{years}$
$\therefore$ Amount (A) $=\text{P}\Big(1+\frac{\text{R}}{100}\Big)^{\text{n}}$
$=\text{Rs. }4000\Big(1+\frac{10}{100}\Big)^2\Big(1+\frac{10\times1}{100\times4}\Big)$
$=\text{Rs. }4000\times\frac{11}{10}\times\frac{11}{10}\times\frac{41}{40}$
$=\text{Rs. }4961$
$\therefore C.I = A - P = Rs. 4961 - 4000$
$= Rs. 961$
View full question & answer→MCQ 2041 Mark
If $40\%$ of students passed in the Mathematics test, out of $40$ students in the class. What is the number of students who have passed?
Answer$40\%$ of students out of $40$ students will be
$=\big(\frac{40}{100}\big)\times40$
$=\frac{2}{5}\times40$
$= 16$
View full question & answer→MCQ 2051 Mark
The ratio of $50$ paise to Rs. $1$ is:
- A
$2 : 1$
- ✓
$1 : 2$
- C
$1 : 5$
- D
$1 : 1$
AnswerCorrect option: B. $1 : 2$
$Rs. 1 = 100$ paise
$50$ paise $: 100$ paise
$50 : 100$
$1 : 2$
View full question & answer→MCQ 2061 Mark
The ratio $4 : 7$ is same as how much percent'$?$
- A
$57\frac{2}{7}$
- B
$58\frac{1}{7}$
- C
$75\frac{1}{7}$
- ✓
$57\frac{1}{7}$
AnswerCorrect option: D. $57\frac{1}{7}$
The given ratio $= 4 : 7$
It can be expressed in percentage as:
$\frac{4}{7}\times100\%=\frac{400}{7}$
$=57\frac{1}{7}\%$
View full question & answer→MCQ 2071 Mark
Calculate compound interest on $Rs. 10,800$ for $3$ years at $12.5\%$ per annum compounded annually.
- A
$13,377.34$
- ✓
$4577.34$
- C
$14,377.34$
- D
AnswerCorrect option: B. $4577.34$
$4577.34$
View full question & answer→MCQ 2081 Mark
The ratio of $10m$ to $1\ km$ is:
- A
$1 : 10$
- B
$10 : 1$
- ✓
$1 : 100$
- D
$100 : 1$
AnswerCorrect option: C. $1 : 100$
$1km = 1000m$
$10m : 1000m$ or $10 : 1000$ or $1 : 100$
View full question & answer→MCQ 2091 Mark
The marked price of a book is $Rs. 100.$ The shopkeeper gives $25\%$ discount on it. What is the sale price of the book$?$
- A
$Rs. 100$
- B
$Rs. 25$
- C
$Rs. 125$
- ✓
$Rs. 75$
AnswerCorrect option: D. $Rs. 75$
Discount on $Rs. 100 = 25$
$\therefore$ Sale price $= 100 - 25 = Rs. 75$
View full question & answer→MCQ 2101 Mark
Find the amount of $Rs. 12500$ for $2$ years compounded annually, the rate of interest being $15\%$ for the first year and $16\%$ for the second year:
- A
$Rs. 16500$
- ✓
$Rs. 16675$
- C
$Rs. 16750$
- D
AnswerCorrect option: B. $Rs. 16675$
$Rs. 16675$
View full question & answer→MCQ 2111 Mark
Tick $(\checkmark)$ the correct answer in the following: The annual rate of growth in population of a town is $10\%.$ If its present population is $33275,$ what was it $3$ years ago$?$
- ✓
$Rs. 25000$
- B
$Rs. 27500$
- C
$Rs. 30000$
- D
$Rs. 26000$
AnswerCorrect option: A. $Rs. 25000$
Rate of growth in population $(R) = 20\% p.a$
persent population $= 33275$
Population $3$ years ago
$=\text{A}\div\Big(1+\frac{\text{R}}{100}\Big)^{\text{n}}$
$=\text{Rs. }33275\div\Big(1+\frac{10}{100}\Big)^3$
$=\text{Rs. }33275\div\Big(\frac{11}{10}\Big)^3$
$=\text{Rs. }33275\times\frac{10}{11}\times\frac{10}{11}\times\frac{10}{11}$
$=\text{Rs. }25000$
View full question & answer→MCQ 2121 Mark
The original price of a washing machine which was bought for $Rs. 13,500$ inclusive of $8\%$ $VAT$ is
- ✓
$Rs. 12,420$
- B
$Rs. 14,580$
- C
$Rs. 12,500$
- D
$Rs. 13,492$
AnswerCorrect option: A. $Rs. 12,420$
$VAT [$Value Added Tax$]$ is included in selling price, which is $8\%.$
The original price of the washing machine including of $8\%\ VAT$
$=13500-13500\times\frac{8}{100}$
$=13500-135\times8=13500-1080=\text{Rs.}12420$
Hence, option $(a)$ is correct.
View full question & answer→MCQ 2131 Mark
If marked price of an article is $Rs. 1,200$ and the discount is $12\%$ then the selling price of the article is:
- ✓
$Rs. 1,056$
- B
$Rs. 1,344$
- C
$Rs. 1,212$
- D
$Rs. 1,188$
AnswerCorrect option: A. $Rs. 1,056$
Given, marked price of an article $= Rs. 1200$
Discount $\% = 12\%$ Discount = Discount $\%$ on marked price $= A × 1200 = 12 × 12 = Rs. 144$
Selling price $=$ Marked price $–$ Discount Selling price
$= Rs. 11200 – Rs. 144 = Rs. 1056$
Hence, option $(a)$ is correct.
View full question & answer→MCQ 2141 Mark
Tick $(\checkmark)$ the correct answer in the following:
In an examination, $65\%$ of the total examinees passed. If the number of failures is $420,$ the total number of examinees is.
- A
$500$
- B
$1000$
- ✓
$1200$
- D
$1625$
AnswerCorrect option: C. $1200$
Let the total number of examinees be $100$
Percentage of examinees passed $= 65\%$
Percentage of examinees faield $= (100 - 65)\% = 35\%$
$\therefore\frac{35}{100}\times\text{x}=420$
$\Rightarrow35\text{x}=42000$
$\Rightarrow\text{x}=1200$
View full question & answer→MCQ 2151 Mark
In a school out of $340$ students, $55\%$ students are of Science. The remaining students are of Commerce. Find the number of students of Commerce.
AnswerNumber of science student
$=340\times\frac{55}{100}=187$
$\therefore$ Number of students of Commerce
$= 340 - 187 = 153$
View full question & answer→MCQ 2161 Mark
The marked price of an article is $Rs. 80$ and it is sold at $Rs. 76,$ then the discount rate is:
- ✓
$5\%$
- B
$95\%$
- C
$10\%$
- D
appx. $11\%$
Answer The marked price of an article $= Rs. 80$ Sold price of the article $= Rs. 76$ We know that,
Selling price = Marked price $–$ Discount price
Discount $= Rs. 80 − Rs. 76 = Rs. 4$
Discount$\% = \frac{4}{80}\times100=\frac{40}{80}=5\%$
Hence, option $(a)$ is correct.
View full question & answer→MCQ 2171 Mark
A man sells a bat for $Rs. 100$ gaining $Rs. 20.$ His gain percent is:
- A
$20\%$
- B
$22\%$
- C
$18\%$
- ✓
$25\%$
AnswerCorrect option: D. $25\%$
$ SP = Rs. 100$
Gain $= Rs. 20$
$CP = Rs. (100 - 20)$
$= Rs. 80$
$\text{Gain percentsge}=\Big(\frac{\text{gain}}{\text{CP}}\times100\Big)\%$
$=\Big(\frac{20}{80}\times100\Big)\%$
$=25\%$
View full question & answer→MCQ 2181 Mark
The value of an article which was purchased $2$ years ago, depreciates at $12\%$ per annum. If its present value is $Rs. 9680,$ what is the price at which it was purchased$?$
- A
$Rs. 10000$
- ✓
$Rs. 12500$
- C
$Rs. 14575$
- D
$Rs. 16250$
AnswerCorrect option: B. $Rs. 12500$
$Rs. 12500$
View full question & answer→MCQ 2191 Mark
On which figure the $VAT$ of a product is calculated$?$
AnswerCorrect option: A. $S.p.$
$ VAT$ calculation formula for $VAT$ exclusion is the following:
To calculate $VAT$ having the gross amount you should divide the gross amount by $1 + VAT$ percentage $($i.e. if it is $15\%,$ then you should divide by $1.15),$ then subtract the gross amount, multiply by $-1$ and round to the closest value (including eurocents).
View full question & answer→MCQ 2201 Mark
The simple interest on $Rs. 2000$ for $4$ years is $Rs. 400.$ The rate per cent of interest is:
- A
$\frac{2000\times100}{400\times4}$
- B
$\frac{400\times4}{2000\times10}$
- ✓
$\frac{400\times100}{2000\times4}$
- D
$\frac{2000\times4}{400\times100}$
AnswerCorrect option: C. $\frac{400\times100}{2000\times4}$
$\frac{2000\times4\times\text{R}}{100}=400$
$\Rightarrow\text{R}=\frac{400\times100}{2000\times4}=5$
View full question & answer→MCQ 2211 Mark
If $50\%$ of students are good at science out of $20$ students. Then the number of students good at science is:
Answer $50\%$ of students out of $20$ students $= 50\%$ of $20$
$=\Big(\frac{50}{100}\Big)\times20$
$=\frac{1}{2}\times20$
$=10$
View full question & answer→MCQ 2221 Mark
The annual rate of growth in population of a town is $5\%.$ If its present population is $4000,$ what will be its population after $2$ years?
- A
$4441$
- B
$4400$
- ✓
$4410$
- D
$4800$
AnswerCorrect option: C. $4410$
Present population $= 4000$
Rate of growth $= 5\%$
To find the population of the town after $2$ years, we have:
$\text{A}=\text{P}\times\Big(1+\frac{\text{R}}{100}\Big)^\text{n}$
$=4000\times\Big(1+\frac{5}{100}\Big)^2$
$=4000\times\Big(\frac{5}{100}\Big)^2$
$=4000\times\Big(\frac{21}{20}\Big)\times\Big(\frac{21}{20}\Big)$
$=(10\times21\times21)$
$=4410$
View full question & answer→MCQ 2231 Mark
The ratio $4 : 25$ converted to percentage is:
- ✓
$16\%$
- B
$8\%$
- C
$25\%$
- D
$4\%$
AnswerCorrect option: A. $16\%$
$4 : 25=\frac{4}{25}\times100\%=16\%$
View full question & answer→MCQ 2241 Mark
Rekha purchased a hair straightener for $Rs. 2,160$ including $8\%$ $VAT.$ Find the price before $VAT$ was added.
- ✓
$Rs. 2,000$
- B
$Rs. 2,500$
- C
$Rs. 3,200$
- D
$Rs. 1,800$
AnswerCorrect option: A. $Rs. 2,000$
$CP. = Rs. 2,160$ and Rate of $VAT = 8\%$
Let $C.P$ without $VAT$ is $Rs. 100$ then price including $VAT = 100 + 8 = Rs. 108$
$\therefore$ When price including $VAT$ is $Rs. 108,$ then original price $=\frac{100}{108}$
$\therefore$ When price including $VAT$ is $Rs. 2,160$
The original price $=\frac{100}{108}\times2160 =\text{Rs. }2,000$
View full question & answer→MCQ 2251 Mark
Tick $(\checkmark)$ the correct answer in the following: The profit earned on selling an article for $Rs. 625$ is the same as loss on selling it for $Rs. 435.$ The cost price of the article is:
- A
$Rs. 520$
- ✓
$Rs. 530$
- C
$Rs. 540$
- D
$Rs. 550$
AnswerCorrect option: B. $Rs. 530$
Let the $CP$ be $Rs. x$
Then, we have:
$625 - x = x - 435$
$⇒ x + x = 625 + 435$
$⇒ 2x = 1060$
$\therefore x = Rs. 530$
View full question & answer→MCQ 2261 Mark
What per cent of $45$ is $54?$
- A
$83\frac{1}{3}\%$
- B
$104\%$
- C
$108\%$
- ✓
$120\%$
AnswerCorrect option: D. $120\%$
Required percentage $=\Big(\frac{54}{45}\times100\Big)\%=120\%$
View full question & answer→MCQ 2271 Mark
Tick $(\checkmark)$ the correct answer in the following: If an article is sold at a gain of $5\%$ instead of being sold at a loss of $5\%,$ a man gets $Rs. 5$ more. What is the cost price of the article$?$
- ✓
$Rs. 50$
- B
$Rs. 40$
- C
$Rs. 60$
- D
$Rs. 80$
AnswerCorrect option: A. $Rs. 50$
Let the $CP$ be $Rs .x.$
Then, we have:
$(105\%$ of $x) - (95\%$ of $x) = 5$
$\Rightarrow\Big(\frac{105}{100}\times\text{x}\Big)-\Big(\frac{95}{100}\times\text{x}\Big)=5$
$\Rightarrow\Big(\frac{105\times\text{x}}{100}\Big)-\Big(\frac{95\text{x}}{100}\Big)=5$
$\Rightarrow\Big(\frac{105\text{x}}{100}-\frac{95\text{x}}{100}\Big)=5$
$\Rightarrow\frac{10\text{x}}{100}=5$
$\Rightarrow\frac{\text{x}}{100}=5$
$\Rightarrow\text{x}=50$
$\therefore\text{CP}=\text{Rs. }50$
View full question & answer→MCQ 2281 Mark
Tick $(\checkmark)$ the correct answer in the following:
The present population of a town is $24000$. If it increases at the rate of $5\%$ per annum, what will be its population after $2$ years$?$
- A
$26400$
- ✓
$26460$
- C
$24460$
- D
$26640$
AnswerCorrect option: B. $26460$
Present population $(P) = 24000$
Rate of increase $(R) = 5\%$ p.a
Period $(n) = 2$ years
$\therefore$ Population after $2$ years $=\text{P}\Big(1+\frac{\text{R}}{100}\Big)^{\text{n}}$
$=\text{Rs. }24000\Big(1+\frac{5}{100}\Big)^2$
$=\text{Rs. }24000\times\frac{21}{20}\times\frac{21}{20}$
$=26460$
View full question & answer→MCQ 2291 Mark
Shyama purchases a scooter costing $Rs. 36,450$ and the rate of sales tax is $9\%,$ then the total amount paid by her is:
- A
$Rs. 36,490.50$
- ✓
$Rs. 39,730.50$
- C
$Rs. 36,454.50$
- D
$Rs. 33,169.50$
AnswerCorrect option: B. $Rs. 39,730.50$
Since, sales tax is charged on the sale of an item by the government and is added to the bill amount.
Shyama purchase a scooter of costing $= Rs. 36450$
Sales tax paid $= 9\%$
So, total amount paid by her $= Rs. 36450$ of $9\% + Rs. 36450$
$=\frac{9}{100}\times36450+36450$
$= 9 × 364.5 + 36450 = 3280.5 + 36450 = Rs. 39730.5$
Hence, option $(b)$ is correct.
View full question & answer→MCQ 2301 Mark
The $CI$ on a certain sum for $2$ years is $Rs. 410$ and $81$ is $Rs. 400.$ The rate of interest per annum is:
- A
$10\%$
- B
$8\%$
- ✓
$5\%$
- D
$4\%$
View full question & answer→MCQ 2311 Mark
The ratio $4 : 25$ converted to percentage is:
- A
$8\%$
- B
$4\%$
- ✓
$16\%$
- D
$25\%$
AnswerCorrect option: C. $16\%$
$4:25=\frac{4}{25}\times100\%=16\%$
View full question & answer→MCQ 2321 Mark
If MP of a box is $Rs. 10$ and a discount of $10\%$ is allowed then what should be the sale price$?$
- A
$Rs. 10$
- ✓
$Rs. 9$
- C
$Rs. 11$
- D
AnswerCorrect option: B. $Rs. 9$
Marked price $= Rs. 10$
Discount $= 10\%$ of $10$
$= \frac{10}{100} \times 10$
$= 1$
$SP = MP - $Discount
$= 10 - 1$
$= 9$
View full question & answer→MCQ 2331 Mark
Waheeda bought an air cooler for $Rs. 3300$ including a tax of $10\%.$ The price of the air cooler before $VAT$ was added is:
- A
$Rs. 2000$
- ✓
$Rs. 3000$
- C
$Rs. 2500$
- D
$Rs. 2800$
AnswerCorrect option: B. $Rs. 3000$
$10\%$ $VAT$ on $Rs.100$ will make it $Rs.110$
So, for price including $VAT\ Rs.110,$ the original price is $Rs.100$
Then, Price including $VAT\ Rs.3300,$ the original price $=Rs.(100 / 110) \times 3300= Rs. 3000$
View full question & answer→MCQ 2341 Mark
The cost of the article was $Rs. 15500$ and $Rs. 500$ was spent on its repairing. If it is sold for a profit of $15\%.$ The selling price of the article is:
- A
$Rs.16400$
- B
$Rs.17400$
- ✓
$Rs.18400$
- D
$Rs.19400$
AnswerCorrect option: C. $Rs.18400$
Total cost $=15500+500=16000$
Profit $\%=($ Profit $/$ cost price $) \times 100$
Profit $=($ Profit $\% \times$ cost price $) / 100$
$P=(15 \times 16000) / 100=2400$
Selling Price $=$ Profit $+$ cost price $=2400+16000= Rs. 18400$
View full question & answer→MCQ 2351 Mark
A person got a $10\%$ increase in his salary. If his salary was $Rs. 50000,$ then the new salary is:
- ✓
$Rs. 55000$
- B
$Rs. 60000$
- C
$Rs. 45000$
- D
$Rs. 65000$
AnswerCorrect option: A. $Rs. 55000$
Previous salary $= Rs. 50000$
$10 \%$ of $\mathrm{Rs.} 50000=(10 / 100) \times 50000=\mathrm{Rs} .5000$
New salary $= Rs. 50000+ Rs. 5000$
$=Rs.55000 /-$
View full question & answer→MCQ 2361 Mark
An item marked at $Rs. 840$ is sold for $Rs. 714.$ The discount $\%$ is:
- A
$0.1$
- ✓
$0.15$
- C
$0.2$
- D
$0.25$
AnswerCorrect option: B. $0.15$
Discount $=$ Marked Price $-$ Sale Price $=840-714 = Rs. 126$
Discount $\%=(126 / 840) \times 100 \%=15 \%$
View full question & answer→MCQ 2371 Mark
The price of a motorcycle was $Rs. 34,000$ last year. It has increased by $20\%$ this year. The price of motorcycle now is:
- A
$Rs. 36,000$
- B
$Rs. 38,800$
- ✓
$Rs. 40,800$
- D
$Rs. 32,000$
AnswerCorrect option: C. $Rs. 40,800$
$20 \%$ of $\mathrm{Rs.} 34,000=20 / 100 \times 34,000=\mathrm{Rs} .6800$
New price $=\mathrm{Rs} .34,000+\mathrm{Rs} .6800 = Rs. 40,800$
View full question & answer→MCQ 2381 Mark
If $50\%$ of students are good at science out of $20$ students. Then the number of students good at science is:
Answer$50 \%$ of students out of $20$ students $=50 \%$ of $20$
$=(50 / 100) \times 20$
$=1 / 2 \times 20$
$=10$
View full question & answer→MCQ 2391 Mark
The percentage of $2:5$
Answer$2: 5=2 / 5=2 / 5 \times 100 \%=0.4 \times 100 \%=40 \%$
View full question & answer→MCQ 2401 Mark
The percentage of $3:4$ is:
AnswerCorrect option: A. $0.75$
$3: 4=3 / 4$
$(3 \times 100) /(4 \times 100)=3 / 4 \times 100 \%=0.75 \times 100 \%=75 \%$
View full question & answer→MCQ 2411 Mark
The ratio of $10m$ to $10\ km$ is:
- A
$1/10$
- B
$1/100$
- ✓
$1/1000$
- D
$1000$
AnswerCorrect option: C. $1/1000$
$10m/10km = 10m/10000m = 1/1000$
View full question & answer→MCQ 2421 Mark
The ratio of speed of cycle $12\ km$ per hour to the speed of scooter $36\ km$ per hour is
AnswerSpeed of cycle/Speed of scooter $=12 / 36=1 / 3$
View full question & answer→