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 y% of y is 289, then what is the value of y?

A) 149 B) 160
C) 170 D) 173
 
Answer & Explanation Answer: C) 170

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Q:

5% discount is offered on an item. By applying a promo code the customer wins 20% cash back. What is the effective discount?

A) 28.8 percent B) 24 percent
C) 25 percent D) 21 percent
 
Answer & Explanation Answer: B) 24 percent

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Q:

A trader sold a cycle at a loss of 10%. If the selling price had been increased by Rs. 200, there would have been a gain of 6%. The cost price of the cycle is

A) Rs.1200 B) Rs.1205
C) Rs.1250 D) Rs.1275
 
Answer & Explanation Answer: C) Rs.1250

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Q:

1 packet of biscuits costs Rs 16 but a pack of 4 of the same packet of biscuits costs Rs 56. What is the effective discount (in %) on the pack?

A) 8 B) 10
C) 7.5 D) 12.5
 
Answer & Explanation Answer: D) 12.5

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Q:

A shopkeeper marks up his wares by 125% and offers 25% discount. What will be the selling price if the cost price (in Rs) is Rs 640?

A) 1080 B) 1000
C) 920 D) 860
 
Answer & Explanation Answer: A) 1080

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Q:

A man donates 30% of his wealth to charity. 30% and 25% of the remaining wealth to his wife and son respectively. The rest he divides equally between his three daughters. One of his daughter gets Rs 42 lakh as her share. What was the man's wealth (in Rs lakhs)?

A) 280 B) 400
C) 500 D) 350
 
Answer & Explanation Answer: B) 400

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Q:

After deducting 12% from a certain sum and then deducting 25% from the remainder, 2508 is left, then what is the initial sum?

A) 3500 B) 3450
C) 3970 D) 3800
 
Answer & Explanation Answer: D) 3800

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Q:

A Rs 1000 box of cookies is offered at 10% discount and a Rs 400 bar of chocolate at 8% discount. If we buy 2 boxes of cookies and 3 bars of chocolate, what is the effective discount we get (in %)?

A) 9 B) 9.25
C) 8.75 D) 8.5
 
Answer & Explanation Answer: B) 9.25

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