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:

A shop keeper allows 20% discount on the marked price on his articles. Find the marked price of an article for which he charges Rs. 740

A) Rs. 725 B) Rs. 875
C) Rs. 925 D) Rs. 1040
 
Answer & Explanation Answer: C) Rs. 925

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Q:

If the shopkeeper sells an item at Rs 960 which is marked as Rs 1200, then what is the discount he is offering?

A) 25 percent B) 12 percent
C) 20 percent D) 28 percent
 
Answer & Explanation Answer: C) 20 percent

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Q:

Marked price of a chair is Rs 800 and discount is 15%. What is additional discount (in percentage) should be offered to the customer to bring the price of chair to Rs 578?

A) 15 B) 10
C) 16.5 D) 17.5
 
Answer & Explanation Answer: A) 15

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Q:

Selling price of a table is Rs 2808. If profit percentage is 17%, then what is the cost price (in Rs) of table?

A) 2288 B) 2300
C) 2400 D) 3285
 
Answer & Explanation Answer: C) 2400

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Q:

The marked price of a shirt is twice of the cost price. To earn a gain of 25%, what should be the discount percentage?

A) 37.5 B) 50
C) 75 D) 52.5
 
Answer & Explanation Answer: A) 37.5

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Q:

A photographer allows a discount of 10% on the advertised price of a camera. The price (in Rs) that must be marked on the camera, which cost him Rs 600, to make a profit of 20% would be

A) 650 B) 800
C) 700 D) 850
 
Answer & Explanation Answer: B) 800

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Q:

20% of a man's salary is paid as rent, 60% are his living expenses and 10% are his savings. If he spends remaining  30 on the education of his children, find his salary

A) 300 B) 900
C) 3000 D) 9000
 
Answer & Explanation Answer: A) 300

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Q:

On a television of brand A the discount is 25% and on television of brand B the discount is 40%. The price of B after discount Rs 2,250 greater than the price of A after discount. What is the marked price of A (in Rs) if marked price of B is Rs 35,000?

A) 18750 B) 21000
C) 25000 D) 17850
 
Answer & Explanation Answer: C) 25000

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