The ratio of the cost price to the marked price of an article is 3:5 and the ratio of the profit percentage to the discount percentage is 5:2. Find the profit percentage.
CP:MP = 3x:5x Profit = MP – CP = 5x – 3x = 2x Profit% : Discount% = 5:2 Let CP = 300 and SP = (3x + 2x = 5x) = 500 According to question, => (5x/100) × 300 + (2x/100) × 500 => 15x + 10x = 25x => 25x ----100 => x = 4% Profit % = 5 × 4% = 20%
A sum is lent on compound interest for 2 years at 9% p.a. If the compound interest on the sum is Rs.2445.3, find the sum.
Meera deposited Rs. ‘W’ in a bank offering compound interest of 9% p.a. compounded annually. After 3 years, she invested the amount received from th...
The difference between compound and simple interest on a sum of money for 2 years at 5% per annum is Rs. 724. The sum is:
What is the principal amount?
Statement I: The Simple Interest after 2 years on a certain sum at 10% p.a is Rs. 1200.
Statement II : T...
The difference between the simple interest for two years and the compound interest for one year on a sum of money is Rs.273. In which compound interest ...
The difference between compound and simple interest on a sum of money for 2 years at 4% per annum is Rs. 626. The sum is:
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...
The interest received by investing Rs. 4000 for 2 years at compound interest of 20% p.a., compounded annually, was re-invested for 3 years at simple int...
Suresh earned an interest of Rs. 516 on principal amount of Rs. 1600 at some rate of compound interest in 2 years. How much more/less interest would he ...
Rs. ‘P’ was invested in scheme A at the rate of 30% per annum on compound interest for 3 years. Rs. (P+9875) was invested in scheme B at the rate of...
