Q1. A shopkeeper buys an article for Rs. 360. He wants to make a gain of 25% on it after a discount of 10%. The marked price is
(a) Rs. 486
(b) Rs. 450
(c) Rs. 500
(d) Rs. 460
Q2. The marked price of an item is twice the cost price. For a gain of 15%, the discount should be
(a) 7.5%
(b) 20.5%
(c) 32.5%
(d) 42.5%
Q3. If in sale, the discount given on a saree is equal to one-fourth the marked price and the loss due to this discount is 15%, then the ratio of the cost price to the selling price is
(a) 3 : 4
(b) 4 : 3
(c) 10 : 17
(d) 20 : 17
Q4. Successive discounts of p% and q% on the catalogue price of an article is equivalent to a single discount of:
Q5. A merchant marks his goods 40% above the cost price and sells them at a discount of 15%. Find his gain percent.
(a) 25%
(b) 22%
(c) 19%
(d) 20%
Q6. A trader wishes to gain 20% after allowing 10% discount on the marked price to his customers. At what per cent higher than the cost price must be marks his goods?
(a) 30%
(b) 33 (1/3)%
(c) 34 (2/3)%
(d) 35%
Q7. The marked price of a watch is Rs. 800. A shopkeeper gives two successive discounts and sells the watch at Rs. 612. If the first discount is 10%, the second discount is:
(a) 8%
(b) 10%
(c) 12%
(d) 15%
Q8. If a discount of 20% on the marked price of a shift saves a man Rs. 150, how much did he pay for the shirt?
(a) Rs. 600
(b) Rs. 650
(c) Rs. 500
(d) Rs. 620
Q9. A book is listed at Rs. 1,400 and the discount offered is 10%. What additional discount must be given to bring the net selling price to Rs. 1,200?
(a) 16 (2/3)%
(b) 5%
(c) 4 (16/21)%
(d) 6%
Q10. A sum of money becomes 41/40 of itself in 1/4 year at a certain rate of simple interest. The rate of interest per annum is
(a) 10%
(b) 1%
(c) 2.5%
(d) 5%
Q11. Simple interest on a certain sum at a certain annual rate of interest is 16/25 of the sum. If the number representing rate percent and time in years be equal, then the rate of interest is:
(a) 8%
(b) 11 (1/2)%
(c) 12 (1/2)%
(d) 12 (1/4)%
Q12. The difference between simple and compound interest (compounded annually) on a certain sum of money of 2 years at 4% per annum is Rs. 1. The sum in (in Rs.) is:
(a) 650
(b) 630
(c) 625
(d) 640
Q13. The difference between the compound interest (compounded annually) and the simple interest on a sum of Rs. 1000 at a certain rate of interest for 2 years is Rs. 10. The rate of interest per annum is:
(a) 5%
(b) 6%
(c) 10%
(d) 12%
Q14. A certain sum of money amounts to Rs. 2,420 in 2 years and Rs. 2,662 in 3 years at same rate of compound interest, compounded annually. The rate of interest per annum is:
(a) 6%
(b) 8%
(c) 9%
(d) 10%
Q15. A loan of Rs. 12,300 at 5% per annum compound interest, is to be repaid in two equal annual installments at the end of every year. Find the amount of each installment.
(a) Rs. 6,651
(b) Rs. 6,615
(c) Rs. 6,516
(d) Rs. 6,156
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