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Welcome to ICOME Quiz Corner

Q1. A man purchases 6 pens for Rs.9 and he sells when market is down , 9 pens for Rs.6 . Find profit or loss percent ?

(a) loss 55.5% (b) loss 50% (c) loss 43% (d) loss 36%

Solution.
Purchases : 6 pens Rs. 9

Sells : 9 pens Rs . 6

= (36 - 81)/81 x 100

= 55.5%
Solution

Q2. A students sold a book at a profit of 10% .If a student sold it for Rs.30 more, 12% would have gained . find the cost price .

(a) Rs.1800 (b) Rs.1500 (c) Rs.600 (d) Rs.800

Solution.
112% of cost - 110% of cost = Rs.30

2% of cost = Rs.30

2/100 of cost = Rs.30

= Rs.1500
Solution

Q3. Find an equivalent single discount 10% and 15% .

(a) 25% (b) 30% (c) 23.5% (d) 40%

Solution.
(c) 23.5%
Solution

Q4. The list price of an article is Rs 480 after giving 10% discount, shopkeeper get 8% profit . If shopkeeper will not allow discount , then find the percent profit .

(a) 12% (b) 20% (c) 10% (d) 16%

Solution.
(b) 20%
Solution

Q5. A money become 6 times in 20 years at S.I, at what time the money become 4 times at the same rate of SI .

(a) 8 years (b) 10 years (c) 12 years (d) 16 years

Solution.
(n1 - 1)t2 = (n2 - 1)t1

(6 - 1)t2 = (4 - 1) x 20

5 x t2 = 3 x 20

t2 = 12 years
Solution

Q6. A sum was put at SI at a certain rate for 2 years. Had it been put at 2% higher rate , it would have fetched Rs 300 more , find the sum .

(a) 10000 (b) 9000 (c) 7500 (d) 8500 `

Solution.
Sum =
More interest x 100 /Time x more rate


=
300 x 100 /2 x 2


=
30000 /4


= 7500
Solution

Q7. At what rate of SI ,in 8 years Rs.4200 amount to Rs. 5216 ?

(a) 8% (b) 6% (c) 5% (d) 4%

Solution.
(b) 6%
Solution

Q8. Annuity is a regular and equal payment which is made after a particular time interval .

(a) True (b) False (c) Can't say

Solution.
(a) True
Solution

Q9. A certain sum amounts to Rs. 1480 in 3 years and amounts to Rs. 1890 in 4 years. Find rate percent per annum .

(a) 23.4% (b) 19% (c) 14% (d) 27.7%

Solution.
=
(1890 - 1480) x 100 /1480

=
41000 /1480

= 27.7%
Solution

Q10. A sum is deposited at CI ,payable annually . The interest in two successive years was Rs 124 and Rs 172 . find the rate .

(a) 26% (b) 38.7% (c) 41.2% (d) 18%

Solution.
=
C2 - C1 /C1
x 100

=
(172 - 124) /124
x 100

=
4800 /124


= 38.7%
Solution