Question
Quantity I: A mobile has a marked price of Rs. 6000. The
shopkeeper gives a 10% discount but still earns an 8% profit. What would be the profit percentage if no discount is offered? Quantity II: The ratio of the marked price to the cost price of an article is 5:4. If the shopkeeper offers a 15% discount on the marked price, what is the profit percentage? Following questions have two quantities as Quantity I and Quantity II. You have to determine the relationship between them and give answer as,Solution
From quantity I, CP of mobile = 100x 6000 * 90/100 = 100x * 108/100 x = 50 CP of mobile = 100 * 50 = 5000 If no discount given, Profit = 6000 – 5000 = 1000 Profit % = 1000/5000 * 100 = 20% From quantity II, MP of article = 5x CP of article = 4x SP of article = 5x * 85/100 = 4.25x Profit percentage = (4.25x – 4x)/4x * 100 = 6.25% Quantity I > quantity II
Rohit invested a sum on compound interest at 'R%' per annum (compounded annually), which amounts to ₹8,000 and ₹11,520 in 2 years and 4 years respec...
Rs. 8500 is invested in scheme ‘A’ for 2 years and Rs. 6500 is invested in scheme ‘B’ for 2 years. Scheme ‘A’ offers simple interest of 13% ...
Krishna invests a certain amount at an annual simple interest rate of 9% for 2 years. The total amount he receives after this period is then reinvested ...
Compound interest on a certain sum of money for 2 years is Rs.3600 while the simple interest on the same sum for the same time period is Rs.3200. Find t...
The ratio of investment of A and B is 6:7 respectively. If the rate of interest for both A and B is 12% p.a and time duration for A and B is 5 years and...
A sum of money lent at compound interest at the rate of 30% per annum is paid back in three equal annual installments of Rs.4394. Find the sum of money?
A certain sum of money will be doubled in 2 years at the rate of simple interest percent per annum is:
A certain amount is split equally between two investment plans. One offers simple interest and the other compound interest, both at the same annual rate...
- The amount on a certain principal at simple interest is Rs. 6,750 after 2 years and Rs. 9,000 after 5 years. What was the initial sum?
Simple interest and compound interest (compounded annually) earned on a sum at the end of 2 years at a certain rate of interest p.a. are Rs. 1700 and Rs...
