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1) After getting 2 successive rebates, a shirt with a list price of $300 is available for $210.If the second discount was 16% what was the first discount?A) 15% B) 16.67% C) 20% D) 16%
Answer & Explanation
Answer: 16.67% (Let the first discount be x%.. Then 84% of (100 -x)% of 300 = 210
84/100 *(100-x)/100 * 300 = 210
100- x = 210 *100*100/84*300 = 83.33
x = 16.67%)
2) By selling a TV for $1500, a person loses one sixteenth of what it costs him. What is the cost price of the TV?A) 1650 B) 2000 C) 1550 D) 1600
3) A dealer marks his good 20% above C.P.He then allows some discount on it & makes profit of 8%.The rate of discount isA) 9% B) 8% C) 10% D) 12%
Answer & Explanation
Answer: 10% (Let C.P be $100. Marked.Price = $120.
S.P = $108.Discount % = 12/120 * 100 = 10%)
4) If an item is sold at 5% profit instead of 5% loss, seller gets $15 more. What is the cost price of the item?A) $150 B) $120 C) $140 D) $160
Answer & Explanation
Answer: $150 (Let C.P be Rs. X (105% of x ) - 95% of x = 15 ;
10% of x = 15 .x = 150)
5) The profit earned by selling an article for $1800 is double the loss incurred while selling the article for $900.At what price the article needs to be sold to make 30% profit?A) 1520 B) 1540 C) 1550 D) 1560
Answer & Explanation
Answer: 1560 (Let c.p be x. 1800 -x = 2(x-900) x = $1200.
Therefore, to make a profit of 30% it has to be sold for $1560)
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