Monday, August 17, 2015

AMCAT Quantitative Ability Previous Papers-10

Ques. A plot is sold for Rs. 18,700 with a loss of 15%. At what price it should be sold to get profit of 15%.
Rs 25300
Rs 22300
Rs 24300
Rs 21300
 Answer And Explanation
Answer: Option A

Explanation:

This type of question can be easily and quickly solved as following:

Let at Rs x it can earn 15% pr0fit
85:18700 = 115:x [as, loss = 100 -15, Profit = 100 +15]

x = (18700*115)/85
= Rs.25300

Ques. A man gains 20% by selling an article for a certain price. If he sells it at double the price, the percentage of profit will be.
130%
140%
150%
160%
 Answer And Explanation
Answer: Option B

Explanation:

Let the C.P. = x,
Then S.P. = (120/100)x = 6x/5
New S.P. = 2(6x/5) = 12x/5

Profit = 12x/5 - x = 7x/5

Profit% = (Profit/C.P.) * 100
=> (7x/5) * (1/x) * 100 = 140 %

Ques. The cost price of 20 articles is the same as the selling price of x articles. If the profit is 25% then determine the value of x.
14
15
16
17
 Answer And Explanation
Answer: Option C

Explanation:

Let the cost price 1 article = Re 1
Cost price of x articles = x
S.P of x articles = 20

Gain = 20 -x

=>25=(((20−x)/x)∗100)
=>2000−100x=25x
=>x=16

In a certain store, the profit is 320% of the cost. If the cost increases by 25% but the selling price remains constant, approximately what percentage of the selling price is the profit
70%
80%
90%
None of above
 Answer And Explanation
Answer: Option A

Explanation:

Let C.P.= Rs. 100.
Then, Profit = Rs. 320,
S.P. = Rs. 420.

New C.P. = 125% of Rs. 100 = Rs. 125
New S.P. = Rs. 420.

Profit = Rs. (420 - 125) = Rs. 295

Required percentage = (295/420) * 100
= 70%(approx)

A man bought an article and sold it at a gain of 5 %. If he had bought it at 5% less and sold it for Re 1 less, he would have made a profit of 10%. The C.P. of the article was
Rs 100
Rs 150
Rs 200
Rs 250
 Answer And Explanation
Answer: Option C

Explanation:

Let original Cost price is x
Its Selling price = 105/100 * x = 21x/20
New Cost price = 95/100 * x = 19x/20
New Selling price = 110/100 * 19x/20 = 209x/200
[(21x/20) - (209x/200)] = 1

=> x = 200

A fruit seller sells mangoes at the rate of Rs.9 per kg and thereby loses 20%. At what price per kg, he should have sold them to make a profit of 5%
Rs 8.81
Rs 9.81
Rs 10.81
Rs 11.81
 Answer And Explanation
Answer: Option D

Explanation:

85 : 9 = 105 : x
x= (9×105/85)
= Rs 11.81

Ques. A shopkeeper sold an article for Rs 2564.36. Approximately what was his profit percent if the cost price of the article was Rs 2400
4%
5%
6%
7%
 Answer And Explanation
Answer: Option D

Explanation:

Gain % = (164.36*100/2400) = 6.84 % = 7% approx