Solutions for QAHO3532007

Solutions for questions 1 to 25: 8. 38% x = 200 + 28

228
X=  100 = 600. Choice (3)
5 38
1. (a) 62.5% of 960 = (960%) = 600.
8 9. Let the value of the car two years ago be `x.
Choice (1)
4 The present value = x  95  95  = 2,25,625
(b) 44.44% of 2790 = (2790) = 1240. 100 100
9  x = 2,50,000. Choice (1)
Choice (2)
10. (a) As profit is 20%,
2. Let Bobby’s income be `x. Then, his savings are 25% of x. SP = 120% of CP
Given, 25% of x = 15,000 = 120% of 400 = `480 Choice (1)
 x = 60,000. Choice (3)
(b) Given SP = 600, profit = 25%, i.e. 8P = 125% of CP
3. Let Ajay’s income be ` x. 125% of CP = 600
Given his savings = `4500.  CP =`480 Choice (2)
i.e. 40% of 75% of 83.33% of x = 4,500.
 x = 18,000. Choice (4) 11. If the SP of the two articles is the same and one is sold
at P% profit and other at P% loss, then we will have an
50  40 2
overall loss and the loss % = P %
4. x100%  25%
40 100
50 2
x100%  125% Choice (1) The percentage loss is given by = 10 % = 1%.
40 100
Choice (4)
5. (a) the salary of A is 20% more than B, it is convenient to
take B’s salary as 100 12. If we assume CP of each one as 100, then total
 A’s salary = 120. CP = 100 + 100 = 200
 % by which B’s salary is less than A’s salary Total S.P = 120 + 90 = 210
120  20 10
= 100  16.67% Choice (2)  Profit % =
200
(100%)  5% Choice (1)
120
13. If we assume the CP is ‘x’, then difference in SP when sold
(b) The solved as (a) above i.e., by assuming some
at 10% P and 20% L i.e., 1.1 x and 0.8x is `450.
values. Alternately, it can be solved by application of
formulas as below: 1.1x – 0.8x = `450
Since here one quantity is 10% less than a second  x = `1500. Choice (2)

quantity, the second quantity is  100x % more than 14. Let CP = 100
 100  x  New SP = 90 (as loss = 10%)
100  10 1000 2
the first % %  11.11% Choice (3) But New SP = (Actual SP)
100  10 90 3
2
6. (a) That since the price of an item is increased by 25% let 90 = (Actual SP)
3
us assume that before increase it was 100.
An increase of 25% makes it 125. Now this 125 has to 3
Actual SP = 90   =135
be brought back to 100 i.e., the % by which it should be 2
125  100
reduced is = 100% = 20%. Hence the profit is 35%. Choice (3)
125
15. Given:
Choice (1)
12 SP = 15 CP
(b) Using the formula: SP 15 5
 
 100 x 25  CP 12 4
Required % increase =  % SP = 5k
 100  25  CP = 4k
2500 100 k
% %  33.33% Choice (4) P% = (100%) = 25% Choice (4)
75 3 4k

7. (a) As revenue = price (sales) 16. Let CP and SP denote the cost price and selling price of
New revenue = 130% of price (80% of sales) apples respectively.
= 104 % of (price) (sales) SP –CP
( )  100 = 25%
= 104 % of original revenue. SP
Hence new revenue is 4% more than the original. SP 4
Choice (2) =
CP 3
 1.2 1.3  1 4
  100%
(b) Required percentage =  SP = CP
3
 1 
= 56%. Choice (3) Profit = 3333%. Choice (2)

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17. We know that = 24 : 27: 4(12 – x)
BD × 100 Now of the total profit share of Vanitha is `18,000
TD = 100
+ RT 18000 27
515 × 100 =
TD = 42000 24 + 27 + 4(12  x)
100% + 12 1
4  63 = –51 + 48 – 4x
515 × 100  4x = 99 – 63 = 36  x = 9
= = 500 Choice (3)  Chetana joined 6 months after Vanitha joined.
103
Choice (2)
18. Let his C.P. = `100
 25  23. Let the time be T.
His M.P (in `) = 100 1  = 125 FTR 2000 × 𝑇 × 16
 100  Banker’s discount (BD) = =
100 100
30 = 320 T
His discount (in `) = (125) = 37.50 FTR
100 True Discount (TD) =
100 + RT
His S.P. = `87.50
His loss = `12.50 1040  T  16
TD =
12.5 100 + 16T
His loss percentage = (100) % Given 2  TD
100
2 × 1040 × T × 16
= 12.5% Choice (4) 320T =
100 + 16T
100 + 16 T = 104
19. Let the marked price be `x. 1
Selling price = `400 16 T = 4  T = year
4
1 3 months.
100  11 Choice (4)
9 x = 400  x = 450 Choice (3)
100 24. The face value of each share = `50
The market value of share = 50+ 20  50 = `60
20. Let the M.P. be `100 100
30
First discount (in `) = (100) = 30 The number of shares bought by him =
12,000 = 200
100
60
Price after this discount = `70
10
10 The amount earned = 200   50 = `1000
Second discount (in `) = (70) = 7. 100
100
Choice (2)
Price after this discount = `63
Total discount = `37 25. The market value of each share is 15 + 5 = `20
Equivalent single discount percentage = 37%
Choice (3) The number of shares bought = 2500 = 125
20
21. Ratio of profits of Ramesh and Suresh The dividend amount earned on each share
= (9000) (10) : (6000) (12) = 5 : 4 = 20  15 = `3/-
100
Suresh’s share = 4500  ` 2000
4
Choice (4) The dividend amount earned on 125 shares is `375
9
The rate of return = 375  100 = 15%. Choice (3)
22. Let Chetana join after x months. 2500
Ratio of shares of these persons is
20,000 (12) : 30,000 (9) : 40,000 (12 – x)

Solutions for Additional Questions for Practice

Solutions for question 1 to 5: 4. Let the C.P for A be `100x.
 CP for B = 85x
1. Let the salaries of A and B be `500x and `600x. P for B = 20% of 85x = 17x
When salary of A increases by 50%, new salary of A
 CP for C= 102x
500x  50 Change of price from A to C is = `2x
= 500x +
100 2x
= `750x Percentage of change  100 = 2%.
100 x
Salary of B = `600x, if it is increased by 150x the salaries of
Choice (1)
A and B will be equal.
150x
 Percentage of increase =  100 = 25%. 5. Let the investments of P, Q and R be 4x, 3x and 6x
600x respectively and let the time periods of their investments be
Choice (4) p, q, r respectively.
Profit ratio is 4x  p : 3x  q : 6x  r
2. Let the original number be 100x which is given as 8 : 6 : 9
 new number = 124x  4p = 8, 3q = 6, 6r = 9
The required ratio is 3
100x : 124x P = 2, q = 2, r =
2
= 25 : 31. Choice (4)
 The required periods are in the ratio p : q : r
3. Let the price of the article be 100x. 3
i.e. 2 : 2 :
When it is increased by 20%, its new price is 120x 2
When its price is increased further by 25%, its new price is i.e. 4 : 4 : 3. Choice (4)
120x  1.25 = `150x
 Total percentage of increase is 50%. Choice (3)
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