FACTS  AND  FORMULAE  FOR  PERCENTAGE  QUESTIONS

 

 

I.Concept of Percentage : By a certain percent , we mean that many hundredths. Thus x percent means x hundredths, written as x%.

To express x% as a fraction : We have , x% = x/100.

Thus, 20% = 20/100 = 1/5;     

48% = 48/100 = 12/25, etc.

To express a/b as a percent : We have, ab=ab×100% .

 

Thus, 14=14×100%=25%

   

 

II. If the price of a commodity increases by R%, then the reduction in consumption so as not to increase the expenditure is R100+R×100%

If the price of the commodity decreases by R%,then the increase in consumption so as to decrease the expenditure is R100-R×100%

 

 

III. Results on Population : Let the population of the town be P now and suppose it increases at the rate of R% per annum, then :

1. Population after n years = P1+R100n

 

2. Population n years ago =  P1+R100n

 

 

IV. Results on Depreciation : Let the present value of a machine be P. Suppose it depreciates at the rate R% per annum. Then,

1. Value of the machine after n years = P1-R100n

 

2. Value of the machine n years ago = P1-R100n

 

 

V. If A is R% more than B, then B is less than A by

R100+R×100%    

If A is R% less than B , then B is more than A by 

R100-R×100%  

Q:

If "basis points" are defined so that 1 percent is equal to 100 basis points, then by how many basis points is 82.5 percent greater than 62.5 percent?

A) 0.2 B) 20
C) 200 D) 2000
 
Answer & Explanation Answer: D) 2000

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Q:

A shopkeeper marks up his wares by 60% and offers 10% discount. What will be the selling price (in Rs) if the cost price is Rs 7500?

A) 11800 B) 12800
C) 13800 D) 10800
 
Answer & Explanation Answer: D) 10800

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Q:

Daily local train ticket costs Rs 30 and Monthly Pass costs Rs 670.8. If I buy the Monthly Pass and travel for 26 days in a month than I save?

A) 12 percent B) 14 percent
C) 25 percent D) 10 percent
 
Answer & Explanation Answer: B) 14 percent

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Q:

Marked price of an item is Rs 300. On purchase of 2 items discount is 24%, on purchase of 5 items discount is 38%. Rachna buys 7 items, what is the effective discount?

A) 17.5 percent B) 20.4 percent
C) 34 percent D) 12.8 percent
 
Answer & Explanation Answer: C) 34 percent

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Q:

Tanya got an increment of 15% in her salary. If her enhanced salary is Rs.14,030. What was her original salary?

A) Rs.12200 B) Rs.12300
C) Rs.12400 D) Rs.12000
 
Answer & Explanation Answer: A) Rs.12200

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Q:

28% of a number is 35. What is the number?

A) 108 B) 120
C) 80 D) 125
 
Answer & Explanation Answer: D) 125

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Q:

Weight of Ayush and Abhishek are in the ratio of 6:11. Abhishek's weight increases by 25% and total weight of Ayush and Abhishek both increases by 40%. If total weight becomes 119 kg, then wat is the weight (in kg) of Ayush after the increment?

A) 45.5 B) 30
C) 50.25 D) 47.75
 
Answer & Explanation Answer: C) 50.25

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Q:

The arithmetic mean of the marks scored by students of a class is 58. 20% of them secured a mean score of 60. The mean score of another 30% of the students was 40. The mean score of the remaining students is

A) 65 B) 66
C) 68 D) 70
 
Answer & Explanation Answer: C) 68

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