Quantitative Aptitude - Arithmetic Ability Questions

Q:

The market price of an article was 40% more than its cost price. Rana was going to sell it at market price to a customer, but he showed Rana some defects in the article, due to which Rana gave him a discount of 28.57%. Next day he came again and showed Rana some more defects, hence he gave him another discount that was equal to 12.5% of the cost price. What was the approximate profit/loss to Rana ?

A) Loss of 12.5% B) Profit of 12.5%
C) Loss of 24.5% D) Profit of 22.5%
 
Answer & Explanation Answer: A) Loss of 12.5%

Explanation:

Let the cost price be Rs. 100
Then, market price is Rs. 140
Now, the first discount is of 28.57% Rs.140 =~ Rs. 40
Hence, its selling price = 140 - 40 = Rs. 100
Now since Rana is selling at cost price, any further discount will be equal to loss percentage.
The next dicount of 12.5% will be the loss percentage to Rana.

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Filed Under: Profit and Loss
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11 10232
Q:

A man pays Rs. 6.40 per litre of milk. He adds water and sells the mixture at Rs. 8 per litre, thereby making 37.5% profit. The proportion of water to milk received by the customers is

A) 1 : 10 B) 10 : 1
C) 9 : 11 D) 11 : 9
 
Answer & Explanation Answer: A) 1 : 10

Explanation:

Customer ratio of Milk and Water is given by

Milk          ::        Water

  6.4                         0

         81 + 38 =6411

 6411                      6410 - 6411 

=> Milk : Water = 110 : 11 = 10 : 1

 

Therefore, the proportionate of Water to Milk for Customer is 1 : 10

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Filed Under: Alligation or Mixture
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29 10210
Q:

Find: S.l. on Rs 3000 at 18% per annum for the period from 4th

A) 118 B) 105
C) 108 D) 110
 
Answer & Explanation Answer: C) 108

Explanation:

(24 + 31 + 18) days = 73 days = 1/5 year .

 

P = Rs 3000 and R = 18 % p.a.

 S.I=3000*18*15100

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Filed Under: Simple Interest
Exam Prep: GRE
Job Role: Bank PO

22 10208
Q:

If 60% of total articles are sold at a loss of 50% and remaining articles are sold at a profit of 50%, then what will be the overall loss percentage?

A) 20 B) 15
C) 25 D) 10
 
Answer & Explanation Answer: D) 10

Explanation:
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Filed Under: Profit and Loss
Exam Prep: Bank Exams

3 10204
Q:

A trader sold an article at profit of 20%. Had he bought that article at 60% less price and sold it at Rs 90 less, then he would have gained 50%. What is the value (in Rs) of cost price?

A) 150 B) 200
C) 250 D) 300
 
Answer & Explanation Answer: A) 150

Explanation:
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Filed Under: Profit and Loss
Exam Prep: Bank Exams

4 10201
Q:

A man buys Rs. 25 shares in company which pays 9 % dividend. The money invested is such that it gives 10 % on investment. At what price did he buy the shares?

A) 22.50 B) 22
C) 20.45 D) 12.50
 
Answer & Explanation Answer: A) 22.50

Explanation:

Suppose he buys each share for Rs. x.

 

Then, Rs.25*9100=x*1010 or x = Rs. 22.50.

 

Cost of each share = Rs. 22.50.

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Filed Under: Stocks and Shares

5 10184
Q:

Buses start from a bus terminal with a speed of 20 km/hr at intervals of 10 minutes. What is the speed of a man coming from the opposite direction towards the bus terminal if he meets the buses at intervals of 8 minutes?

A) 5 kmph B) 6 kmph
C) 7.5 kmph D) 8 kmph
 
Answer & Explanation Answer: A) 5 kmph

Explanation:

Let p be the speed of man in kmph

According to the given data in the question,

Distance travelled by bus in 10 min with 20 kmph == Distance travelled by man in 8 min with (20 + p) kmph in opposite direction

=> 20 x 10/60 = 8/60 (20 + p)

=> 200 = 160 + 8p

=> p = 40/8 = 5 kmph.

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14 10183
Q:

At present, the ratio between the ages of Arun and Harish is 4:3. After 6 years, Arun's age will be 26 years. What is the age of Harish at present ?

A) 15 years B) 16 years
C) 18 years D) 21 years
 
Answer & Explanation Answer: A) 15 years

Explanation:

Let the present ages of Arun and Harish be 4x and 3x years respectively.

Then, 4x + 6 = 26 => x = 5

Harish's age = 3x = 15 years.

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Filed Under: Problems on Ages
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8 10177