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51 questions
Suppose for the principal P, rate R% and time T, the simple interest is S and compound interest is C. Consider the possibilities.
(i) C > S
(ii) C = S
(iii) C < S
Then,
only (i) is correct
either (i) or (ii) is correct
either (ii) or (iii) is correct
only (iii) is correct
Suppose a certain sum doubles in 2 yr at r% rate of simple interest per annum and R% rate of interest per annum compounded annually. Then,
r < R
R < r
R = r
Cannot be determined
The compound interest on ₹50000 at 4% annum for 2 yr compounded annually is
₹4000
₹4080
₹4280
₹4050
If marked price of an article is ₹1200 and the discount is 12%, then the selling price of the article is
₹1056
₹1344
₹1212
₹1188
If 90% of x is 315 km, then the value of x is
325 km
350 km
350 m
325 m
To gain 25% after allowing a discount of 10%, the shopkeeper must mark the price of the article which cost him ₹ 360 as
₹ 500
₹ 450
₹ 460
₹ 486
If a% is the discount per cent on marked price x, then discount is
For calculation of interest compound half-yearly, keeping the principal same, which one of the following is true?
Double the given annual rate and half the given number of years
Double the given annual rate as well as the given number of years
Half the given annual rate as well as the given number of years
Half the given annual rate and double the given number of years
Shyama purchases a scooter costing ₹36540 and the rate of sales tax is 9%, then the amount paid by her is
₹36490.50
₹39730.50
₹36454.50
₹33169.50
The marked price of an article is ₹80 and it is sold at ₹76, then the discount rate is
5%
95%
10%
approx 11%
A bought a tape recorder for ₹8000 and sold it to B. B in turn sold it to C, each earning a profit of 20%. Which of the following is true?
A and B earn the same profit
A earns more profit than B
A earns less profit than B
Cannot be determined
Latika bought a teapot for ₹120 and a set of cups for ₹400. She sold teapot at a profit of 5% and cups at a loss of 5%. The amount received by her is
₹494
₹546
₹506
₹534
A jacket was sold for ₹1120 after allowing a discount of 20%. The MP of the jacket is
₹1440
₹1400
₹960
₹866.66
A sum is taken for two years at 16% per annum. If interest is compounded after every three months, the number of times for which interest is charged in 2 yrs is
8
4
6
9
The original price of a washing machine which was bought for ₹13500 including of 8 VAT is
₹12420
₹14580
₹12500
₹13492
Avinash bought an electric iron for ₹900 and sold it at a gain of 10%. He sold another electric iron at 5% loss which was bought ₹1200. On the transaction, he has a
profit of ₹75
loss of ₹75
profit of ₹30
loss of ₹30
A TV set was bought for ₹26250 including 5% VAT. The original price of the TV set is
₹27562.50
₹25000
₹24937.50
₹26245
40% of [100 - 20% of 300] is equal to
20
16
140
64
Radhika bought a car for ₹250000. Next year, its price decreased by 10% and further next year, it decreased by 12%. In the two years, overall decrease percent in the price of the car is
3.2%
22%
20.8%
8%
________ is a reduction on the MP of the article.
Increase of a number from 150 to 162 is equal to increase of _____ percent.
15% increase in price of an article, which is ₹1620, is the increase of ₹_______
Discount = _______ - _________
Discount = Discount % of ______.
______ is charged on the sale of an item by the government and is added to the bill amount.
The time period after which the interest is added each time to form a new principal is called the ________
______ expenses are the additional expenses incurred by a buyer for an item over and above its cost of purchase.
The discount on an item for sale is calculated on the _______
Percentages are _____ to fractions with _______ equal to 100.
The MP of an article when it is sold for ₹880 after a discount of 12%, is ₹________
By selling an article for ₹112000, a girl gains 40%. The CP of the article was ₹______
The CP of 10 tables is equal to the sale price of 5 tables. The profit percent in this transaction is ______%
Abida bought 100 pens at the rate of ₹3.50 per pen and pays a sales tax of 4%. The total amount paid by Abida is ₹______.
The cost of tape recorder is ₹10800 inclusive of sales tax charged at 8%. The price of the tape recorder before sales tax was charged, is ₹_______
5% sales tax is charged on an article marked ₹200 after allowing a discount of 5%, then the amount payable is ₹_____
To calculate the growth of bacteria if the rate of growth is known, the formula for calculation of amount in compound interest can be used.
True
False
Additional expenses made after buying an article are included in the cost price and are known as Value Added Tax.
True
False
Discount is a reduction given on cost price of an article.
True
False
Compound interest is the interest calculated on the previous year's amount.
True
False
CP = MP - Discount
True
False
A man purchased a bicycle for ₹1040 and sold it for ₹800. His loss percent is 30%.
True
False
Simple interest on a given amount is always less than or equal to the compound interest on the same amount for the same time period and at the same rate of interest per annum.
True
False
The cost of a sewing machine is ₹7000. Its value depreciates at 8% per annum. Then, the value of the machine after 2 yr is ₹5924.80.
True
False
True
False
Number of students appearing for class X CBSE examination increases from 91422 in 1999-2000 to 116054 in 2008-09. Increase in the number of students appeared is approximately 27%.
True
False
True
False
The value of a car, bought for ₹440000 depreciates each year by 10% of its value at the beginning of that year. So, its value becomes ₹308000 after three years.
True
False
The cost of a book marked at ₹190 after paying a sales tax of 2% is ₹192.
True
False
The buying price of 5 kg of flour with the rate of ₹20 per kg, when 5% sales tax is added on the purchase, is ₹21.
True
False
The original price of a shampoo bottle bought for ₹324, if 8% VAT is included in the price, is ₹300.
True
False
Sales tax is always calculated on the cost price of an item and is added to the value of the bill.
True
False
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