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:

Marked price of an item is Rs 900. On purchase of 2 items discount is 16%, on purchase of 5 items discount is 44%. Raksha buys 7 items, what is the effective discount?

A) 10 percent B) 16 percent
C) 36 percent D) 9.6 percent
 
Answer & Explanation Answer: C) 36 percent

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Q:

Rohit buys a ball for Rs 450 and sells it. Rohit gives two successive discount of 20% and 5% to the customer. What will be the selling price (in Rs) of the ball?

A) 342 B) 354
C) 334 D) 362
 
Answer & Explanation Answer: A) 342

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Q:

A businessman imported Laptops, worth Rs 210000, Mobile phones worth Rs 100000 and Television sets worth Rs 150000. He had to pay 10% duty on laptops, 8% on Phones and 5% on Television sets as a special case. How much total duty (in Rupees) he had to pay on all items as per above details?

A) 36500 B) 37000
C) 37250 D) 37500
 
Answer & Explanation Answer: A) 36500

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Q:

In a company 2/3 of the workers are girls, 1/2 of the girls are married and 1/3 of the married girls live in hostel. If 3/4 of the boys are married and 2/3 of married boys live in hostel. Calculate the part of workers who don’t live in hostel.

 

A) 11/18 B) 15/18  
C) 17/18   D) 13/18
 
Answer & Explanation Answer: D) 13/18

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Q:

The price of an article is cut by 7%, to restore it to its original value, the new price must be increased by

A) 7 percent B) 33.77 percent
C) 7.53 percent D) 63.75 percent
 
Answer & Explanation Answer: C) 7.53 percent

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Q:

If the shopkeeper sells an item at Rs 1250 which is marked as Rs 1500, then what is the discount he is offering?

A) 20 percent B) 16.67 percent
C) 25 percent D) 10 percent
 
Answer & Explanation Answer: B) 16.67 percent

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Q:

If a retailer offers a discount of 28% on the marked price of his goods and thus ends up selling at cost price, what was the % mark up?

A) 18.25 percent B) 22 percent
C) 38.88 percent D) 28 percent
 
Answer & Explanation Answer: C) 38.88 percent

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Q:

Divide 3740 in three parts in such a way that half of the first part, one-third of the second part and one-sixth of the third part are equal.

A) 700, 1000, 2040 B) 340, 1360, 2040
C) 680, 1020, 200 D) 500, 1200, 2040
 
Answer & Explanation Answer: C) 680, 1020, 200

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