Question
The average cost price of 13 pens (having equal cost
price) decreased by Rs.3, when one of the pen is replaced by a new pen having cost price of Rs.60. Find the cost price of the pen that was replaced.Solution
Let the cost price of each pen be Rs.x So, cost price of 13 pens = Rs.13x According to the question, => (13x β x + 60)/13 = x β 3 => 12x + 60 = 13x β 39 => x = 99 Therefore, the cost price of the pen that was replaced is = Rs.99
The interest earned on investing Rs. 5000 for 2 years at the rate of 20% p.a., compounded annually, is used to purchase an article. If the article is la...
Rs. 12000 invested for 2 years in a scheme offering compound interest (compounded annually) of 15% p.a. gives an interest that is Rs. 20 less than the i...
Find the compound Interest on Rs. 8,000 @15 % p.a for 2 years 4 month Compounded annually?
Rahul invested Rs. 2450 at a 40% per annum simple interest rate for 'y' years, and this investment yielded a total amount of Rs. 4410. Find the interest...
An individual invested an amount of money in a financial scheme that accrues compound interest at an annual rate of 30%, compounded yearly. After 2 year...
A total amount is divided among A, B, and C in the ratio 7:6:5 respectively. The amount received by C is Rs. 330 less than the average of amounts receiv...
When two equal amounts are deposited for 7 years and 5 years at the rate of 6% and 8% per annum respectively, the difference of their simple interest is...
The profit earned when article is sold for Rs. 1280 is 23 times of the loss incurred when it is sold for Rs. 800.Find the CP?
- Meena invests Rs. 55,000 in Scheme 'L' and Rs. 32,000 in Scheme 'M'. Scheme 'L' provides simple interest at 11% p.a. for 3 years, and Scheme 'M' offers 10%...
- Ramesh invested Rs. 8,000 in scheme βXβ offering simple interest of 15% p.a. After 3 years, he reinvested the total interest earned from scheme βXβ...