SI & CI, PROFIT, LOSS & DISCOUNT
CLASS EXERCISE 13. A dealer offers a discount of 10% on the marked price of an
article and still makes a profit of 20%. If its marked price is Rs.
1. How much simple interest will Rs. 2000 earn in 2 years at 800, then the cost price is?
6% per annum? (a) Rs. 600 (b) Rs. 700 (c) Rs. 800 (d) Rs. 900
(a) Rs. 120 (b) Rs. 180 (c) Rs. 216 (d) Rs. 240
14. The marked price of a shirt and trousers are in the ratio 1 : 2.
2. At what rate of simple interest a certain sum will be doubled The shopkeeper gives 40% discount on the shirt. If the total
in 15 years? discount on both is 30% , then the discount offered on the
2 trousers is?
1 1 (a) 15% (b) 20% (c) 25% (d) 30%
(a) 5 % p.a. (b) 6% p.a. (c) 6 % p.a. (d) 7 % p.a.
2 3 2
3. What will be the amount when Rs. 10000 is deposited in a HOME EXERCISE
bank at 10% per annum compounded annually for 3 years,
when it is kept at compound interest? 15. A certain sum of money amounts to Rs. 15900 at simple rate
(a) 13310 (b) 13300 (c) 13000 (d) 13200 of interest at 6% per annum in 1 year.What is the value of
principal sum?
4. Rs. 20000 is being compounded at 20% per annum. If the rate (a) 12000 (b) 18000 (c) 15000 (d) 14000
of interest is charged half yearly. What will be the amount
after 2 years? 16. A sum of money becomes 3 times in 12 years. In how many
(a) 28292 (b) 27292 (c) 29282 (d) 22358 years it will become 5 times at the same rate of simple
interest?
5. A sum of amount at r% compound interest doubles in 3 years. (a) 20 years (b) 16 years (c) 24 years (d) 30 years
In 9 years it will be k times of the original principal. What is
the value of k?
(a) 10 (b) 9 (c) 6 (d) 8 17. A sum is being lent at 20% per annum compound interest.
What is the ratio of increase in amount of 4th year to 5th
year?
6. The least number of complete years in which a sum of money (a) 4 : 5 (b) 5 : 4
put out at 20% compound interest will be more than doubled
is? (c) 5 : 6 (d) Cannot be determined
(a) 5% (b) 6% (c) 3% (d) 4%
18. Rs.12000 amounts to Rs.20736 in 3 years at r% per annum of
7. CI and SI for a certain sum at certain rate of interest are Rs. compound interest. What is the value of r?
220 and Rs. 200. What is the principal for 2 years for these
interests (in Rs.)? (a) 10% (b) 25% (c) 12% (d) 20%
(a) 2200 (b) 200 (c) 500 (d) 2000
19. One bacteria splits into eight bacteria of the next generation.
8. Jadeja purchased a maruti car 4 years ago for Rs. 2 lakh. Its But due to environment, only 50% of one generation can
value depreciated each year at 25% per annum. What is the produce the next generation. If the seventh - generation
present value of the car? number is 4096 million, what is the number in the first
(a) 75, 275 (b) 65, 281 (c) 63, 281 (d) 85, 169 generation?
5 (a) 1 million (b) 2 million (c) 4 million (d) 8 million
9. The CP of an article is th of the SP. What is the percentage
e
6
profit or loss? 20. CI and SI for a certain sum at certain rate of interest for two
(a) 20% loss (b) 16.66% profit years are Rs. 220 and Rs. 200. What is the principal for these
(c) 16.66% loss (d) 20% profit interests?
10. A man bough 18 oranges for a rupee and sold them at 12 (a) Rs. 2200 (b) Rs. 1000 (c) Rs. 500 (d) Rs. 2000
oranges for a rupee. What is the profit percentage?
(a) 33.33% (b) 50% (c) 66.66% (d) 75% 21. A shopkeeper uses weight of 460 gram instead of 500 gram
and the sells the articles at the cost price. What is the profit
11. The MP of an article is 30% higher than its CP and 20% percentage?
discount is allowed on this article then the profit percentage?
(a) 10% (b) 14% (c) 4% (d) 25% 16
(a) 40% (b) 23% (c) 8 % (d) 20%
23
12. A trader uses a weight of 920 gram instead of 1 kg and sells
the articles at the marked price which is 15% above the cost 22. The selling price of 13 articles is same as the cost price of 23
price. Find the profit percentage. articles. What is the profit percentage?
(a) 20% (b) 23% (c) 25% (d) 10 % (a) 43.47 % (b) 74.83% (c) 78% (d) 76.92%
For more practice visit: www.mocktestindia.com -1- ZENITH
creating new dimensions
23. A man purchases two clocks A and B at total cost of Rs. 650. 31. An article is listed at Rs. 1800 and two successive discounts of
He sells A with 20% profit and B at a loss of 25% and gets the 8% and 8% are given on it. How much would the seller gain or
same selling price for both the clocks. What are the purchasing loss, if he gives a single discount of 16% instead of two
price of A and B respectively? discounts?
(a) Rs. 225 ; Rs. 425 (b) Rs. 250 ; Rs. 400 (a) Rs. 11.52 loss (b) Rs. 11.52 gain
(c) Rs. 275 ; Rs. 375 (d) Rs. 300 ; Rs. 350 (c) Rs. 12.62 loss (d) Rs. 12.52 gain
24. Meena purchased two fans each at Rs. 1200. She sold one fan 32. A trader fixed the price of an article in such a way that by
at the loss of 5% and other at the gain of 10%. Find total gain giving a rebate of 10% on the price fixed he made a profit of
or loss percent. 15%. If the cost of the article is Rs. 72, the price fixed on it is?
(a) 1.2% loss (b) 1.2 % profit (c) 2.5% profit (d) 2.5 % loss (a) Rs. 82.80 (b) Rs. 90.00 (c) Rs. 92.00 (d) Rs. 97.80
25. Kapil sold two bikes for Rs. 50,000 each. On one he gains 14% 33. A trader has some watches in his stock. He marks his watches
and on the other, he losses 14%. Find his gain or loss percent 20% above the cost price. He sold half the stock at marked
in this whole transaction? price, one quarter at a discount of 20% on the marked price
(a) 1.96% loss (b) 1.96 gain and rest on discount of 40% on the marked price. What is his
gain percent?
(c) 1.15% loss (d) 1.15% loss
(a) 2% (b) 5% (c) 3% (d) 8%
26. Pankaj purchased an item for Rs. 7500 and sold it at the gain
of 24%. From that amount he purchased another item and 34. Left pan of a faulty balance weighs 100 gram more than its
sold it at the loss of 20%. What is his over all gain/loss? right pan. A shopkeeper keeps the weight measure in the left
pan while buying goods but keeps it in the right pan while
(a) Loss of Rs. 140 (b) Gain of Rs. 60 selling his goods. He uses only 1 kg weight measure. If he sells
(c) Loss of Rs. 60 (d) Neither gain or Loss his goods at the listed cost price, what is his gain?
200 100 100 200
27. A dishonest dealer sells articles at 10% loss on cost price but (a) % (b) % (c) % (d) %
uses the weight of 16 g instead of 18 g. What is his profit or 11 11 9 9
loss percent? 35. A single discount equivalent to three successive discounts of
5%, 10%, 20% is?
1 1 (a) 68.4% (b) 35% (c) 31.6% (d) 32%
(a) 1 % gain (b) 1 % loss
4 4
1 1
(c) 3 % loss (d) 5 % gain
4 4
28. A man purchases a certain number of toffees at 6 per rupee
and the same number of toffees at 7 per rupee. He mixes the
toffees and sells them at 6 per rupee. What is his gain or loss
percent?
9 9
(a) 6 % loss (b) 7 % gain
13 13
9 5
(c) 7 % loss (d) 7 % gain
13 13
29. A sold a watch to B at a gain of 20% and B sold it to C at a loss
of 10%. If C bought the watch for Rs. 216, at what price did A
purchase it?
(a) Rs. 200 (b) Rs. 216 (c) Rs. 250 (d) Rs. 176
30. The marked price of a shirt and trousers are in the ratio of 1 :
2. The shopkeeper gives 40% discount on the shirt. If the total
discount on both is 30%, the discount offered on the trousers
is?
(a) 15% (b) 20% (c) 25% (d) 30%
For more practice visit: www.mocktestindia.com -2- ZENITH
creating new dimensions
