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Percentage, Profit-Loss, Interest

The document provides a comprehensive overview of percentages, including definitions, calculations, and common values in fractions and decimals. It contains various concepts and questions related to percentage calculations, profit-loss, and interest, along with examples and answers. Additionally, it includes practical shortcuts and formulas for solving percentage-related problems.

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Tasfique Sami
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0% found this document useful (0 votes)
33 views203 pages

Percentage, Profit-Loss, Interest

The document provides a comprehensive overview of percentages, including definitions, calculations, and common values in fractions and decimals. It contains various concepts and questions related to percentage calculations, profit-loss, and interest, along with examples and answers. Additionally, it includes practical shortcuts and formulas for solving percentage-related problems.

Uploaded by

Tasfique Sami
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd

PERCENTAGE

Why are we here? Just to suffer...


WHAT DO I DO NOW?
Video

Class

Practice Set

Practice Tests

Live Test

Review
Percent means per hundred
DEFINITION OF or number out of 100. It
is a number or ratio that
PERCENTAGE represents a portion of a
whole as a fraction of
100.
30% = 30 / 100 = 0.3
DEFINITION OF
What is 40 percent in the

PERCENTAGE simplest form of fraction


and decimal?
COMMON VALUES
FRACTIONS DECIMALS PERCENTAGES

1/2 0.50 50%


1/3 0.3333 33.333%
1/4 0.25 25%
1/5 0.2 20%
1/6 0.1667 16.67%
COMMON VALUES
FRACTIONS DECIMALS PERCENTAGES

1/8 0.125 12.5%


1/10 0.1 10%
1/12 0.0833 8.33%
1/16 0.0625 6.25%
1/20 0.05 5%
RECAP
RECAP
RECAP
RECAP
RECAP

10% = 1/10
20% = ⅕
25% = to ¼
50% = to ½
75% = to ¾
90% = to 9/10
QUESTION

25% of 16

16% of 25
QUESTION
QUESTION

33.33% OF 270
12.5% OF 880
8.3% OF 36
16.67% OF 1260
QUESTION
QUESTION
SHORTCUT

Whenever you need to find a


percentage, just multiply the
two numbers and remove two
zeros.
CONCEPT

What is X percent of Y?
XY/100
QUESTION

01.
60% OF 80
ANSWER
QUESTION

02.
5% OF 12
ANSWER
QUESTION

03.
15% OF 240
ANSWER
CONCEPT

What percent of X is Y?

100Y/X
QUESTION

04. WHAT PERCENT OF 240 IS 6?


ANSWER
QUESTION

05. 30 IS WHAT PERCENTAGE OF 360?


ANSWER
SHORTCUT

Assuming X or 100 will solve


90% of the problems
CONCEPT

If a number is x, what is it
when it’s increased by 20%?
Then what if it’s decreased
by 30%?
CONCEPT

Change
Percent Change = x 100
Original
CONCEPT

Expenditure = Price * Consumption


Price = Rate * Quantity
Distance = Speed * Time
Work done = Time taken * Efficiency
Area of Rectangle = Length * Breadth
QUESTION

06. IF THE PRICE OF AN ITEM INCREASES FROM $24 TO


$30, WHAT IS THE PERCENT INCREASE IN PRICE?
ANSWER
QUESTION

07. IF THE PRICE OF AN ITEM DECREASES FROM $30 TO


$24, WHAT IS THE PERCENT DECREASE IN PRICE?
ANSWER
PERCENTAGE
CHANGE
QUESTION

08.
ANSWER
ANSWER

OPTION: C
QUESTION

09.
ANSWER
ANSWER

OPTION: D
QUESTION

10.
ANSWER
ANSWER

OPTION: C
QUESTION

11.
ANSWER
ANSWER

OPTION: D
QUESTION

12.
ANSWER
ANSWER

OPTION: D
QUESTION

13.
ANSWER
ANSWER

OPTION: A
QUESTION

14.
ANSWER
ANSWER

OPTION: D
QUESTION

15.
ANSWER
ANSWER

OPTION: C
You do not need to answer all
the questions.

just skip
QUESTION

16.
ANSWER
ANSWER

OPTION: B
QUESTION

17. DUE TO A SUDDEN 20% INCREASE IN PRICE, ONE IS


NOW ABLE TO BUY 4 GALLONS LESSER OIL THAN EARLIER
ON THE SAME EXPENDITURE OF $600. WHAT IS THE
DOLLAR INCREASE IN THE PRICE OF OIL PER GALLON?

A. $2
B. $5
C. $10
D. $20
E. $25
ANSWER
ANSWER

OPTION: B
QUESTION

18. In a company, 20% of the employees work in the


manufacturing department. If the total salary obtained by all
the manufacturing employees is one-sixth of the total salary
obtained by all the employees in the company, then the ratio
of the average salary obtained by the manufacturing
employees to the average salary obtained by the
nonmanufacturing employees is

A) 6:5
B) 4:5
C) 5.4
D) 5:6
E) None of these
ANSWER
ANSWER

OPTION: B
QUESTION

19. The salaries of three friends Sita, Gita and Mita are
initially in the ratio 5 : 6 : 7, respectively. In the first year,
they get salary hikes of 20%, 25% and 20%, respectively. In
the second year, Sita and Mita get salary hikes of 40% and 25%,
respectively, and the salary of Gita becomes equal to the mean
salary of the three friends. The salary hike of Gita in the
second year is

A) 25%
B) 28%
C) 26%
D) 30%
E) None of these
ANSWER
ANSWER

OPTION: C
QUESTION

20. In an election, there were four candidates and 80% of the


registered voters cast their votes. One of the candidates
received 30% of the casted votes while the other three
candidates received the remaining casted votes in the
proportion 1 : 2 : 3. If the winner of the election received 2512
votes more than the candidate with the second highest votes,
then the number of registered voters was

A) 50240
B) 40192
C) 60288
D) 62800
E) None of these
ANSWER
ANSWER

OPTION: D
QUESTION

21. In a tournament, a team has played 40 matches so far and


won 30% of them. If they win 60% of the remaining matches,
their overall win percentage will be 50%. Suppose they win
90% of the remaining matches, then the total number of
matches won by the team in the tournament will be:

A) 80
B) 78
C) 84
D) 86...
E) None of these
ANSWER
ANSWER

OPTION: C
QUESTION

22. The total of male and female populations in a city increased by


25% from 1970 to 1980. During the same period, the male population
increased by 40% while the female population increased by 20%.
From 1980 to 1990, the female population increased by 25%. In
1990, if the female population is twice the male population, then
the percentage increase in the total of male and female
populations in the city from 1970 to 1990 is:

A) 68.25
B) 68.75
C) 68.50
D) 69.25
E) None of these
ANSWER
ANSWER

OPTION: B
QUESTION

23. If a certain weight of an alloy of silver and copper is mixed


with 3 kg of pure silver, the resulting alloy will have 90%
silver by weight. If the same weight of the initial alloy is
mixed with 2 kg of another alloy which has 90% silver by
weight, the resulting alloy will have 84% silver by weight.
Then, the weight of the initial alloy, in kg, is:

A) 3.5
B) 2.5
C) 3
D) 4
E) None of these
ANSWER
ANSWER

OPTION: C
QUESTION

24. Identical chocolate pieces are sold in boxes of two sizes,


small and large. The large box is sold for twice the price of
the small box. If the selling price per gram of chocolate in
the large box is 12% less than that in the small box, then the
percentage by which the weight of chocolate in the large box
exceeds that in the small box is nearest to:

A) 144
B) 127
C) 135
D) 124
E) None of these
ANSWER
ANSWER

OPTION: B
QUESTION

25. Two alcohol solutions, A and B, are mixed in the proportion


1:3 by volume. The volume of the mixture is then doubled by
adding solution A such that the resulting mixture has 72%
alcohol. If solution A has 60% alcohol, then the percentage of
alcohol in solution B is

A) 90%
B) 94%
C) 92%
D) 89%
E) None of these
ANSWER
ANSWER

OPTION: C
QUESTION

26. The strength of a salt solution is p% if 100 ml of the


solution contains p grams of salt. Each of three vessels A, B, C
contains 500 ml of salt solution of strengths 10%, 22%, and
32%, respectively. Now, 100 ml of the solution in vessel A is
transferred to vessel B. Then, 100 ml of the solution in vessel
B is transferred to vessel C. Finally, 100 ml of the solution in
vessel C is transferred to vessel A. The strength, in
percentage, of the resulting solution in vessel A is

A) 15
B) 13
C) 12
D) 14
E) None of these
ANSWER
ANSWER

OPTION: D
QUESTION

27. The salaries of Rafayet, Nihan and Shafiul were in the ratio
6:5:7 in 2010, and in the ratio 3:4:3 in 2015. If Rafayet’s salary
increased by 25% during 2010-2015, then the percentage
increase in Shafiul’s salary during this period is closest to

A) 10
B) 7
C) 9
D) 8
E) None of these
ANSWER
ANSWER

OPTION: B
QUESTION

28. In an examination, the maximum possible score is N while


the pass mark is 45% of N. A candidate obtains 36 marks, but
falls short of the pass mark by 68%. Which one of the following
is then correct?

A) N≤ 200
B) 243 ≤ ≤
N 252
C) 201 ≤ ≤
N 242
D) N≥ 253
E) None of these
ANSWER
ANSWER

OPTION: B
QUESTION

29. If a 20% ethanol solution is mixed with another ethanol


solution, say, S of unknown concentration in the proportion
1:3 by volume. This mixture is then mixed with an equal volume
of 20% ethanol solution. If the resultant mixture is a 31.25%
ethanol solution, then the unknown concentration of S is

A) 30%
B) 40%
C) 50%
D) 60%
E) None of these
ANSWER
ANSWER

OPTION: C
QUESTION

30. The number of girls appearing for the tathirmichil


assessment test is twice the number of boys. If 30% of the
girls and 45% of the boys get admission, the percentage of
candidates who do not get admission is

A) 35
B) 50
C) 60
D) 65
E) None of these
ANSWER
ANSWER

OPTION: D
QUESTION

31. In a village, the production of food grains increased by


40% and the per capita production of food grains increased by
27% during a certain period. The percentage by which the
population of the village increased during the same period is
nearest to

A) 16
B) 13
C) 10
D) 7
E) None of these
ANSWER
ANSWER

OPTION: C
PROFIT-LOSS
AND
INTEREST
PROFIT LOSS
Cost Price, Selling
Price, Profit. Margin,
Discount, Mark-up.
THEORY
THEORY
THEORY
CONCEPTS
For profit/loss:
The percentage works on
cost price.
For discount/ mark up- mark down:
The percentage works on
selling price.
THEORY
THEORY
QUESTION

03
01.
ANSWER
ANSWER

ANSWER : B
QUESTION

02. 03
ANSWER
ANSWER

ANSWER : A
QUESTION

03. 03
ANSWER
ANSWER

ANSWER : C
QUESTION

04. 03
ANSWER
ANSWER

ANSWER : D
QUESTION

05. 03
ANSWER
ANSWER

ANSWER : C
CONCEPTS
The overall rate of
successive change,
R= A+B+AB/100
THEORY
THEORY
QUESTION

06. 03
ANSWER
ANSWER

ANSWER : A
QUESTION

07. 03
ANSWER
ANSWER

ANSWER : A
QUESTION

08. AN ARTICLE IS LISTED


03
AT RS. 920. A CUSTOMER
PAYS RS. 742.90 FOR IT AFTER GETTING TWO
SUCCESSIVE DISCOUNTS. IF THE RATE OF FIRST
DISCOUNT IS 15%, THE RATE OF 2ND DISCOUNT IS:

A. 3%
B. 5%
C. 8%
D. 12%
ANSWER
ANSWER

ANSWER : B
INTEREST
INTEREST IS THE PRICE YOU
PAY TO BORROW MONEY OR THE
RETURN EARNED ON AN
INVESTMENT
CONCEPTS
Simple Interest = P × r × t

• P → Principal
• r → Interest Rate
• t → Time in Years
THEORY
Relation Among Principal, Time,
Rate per annum and Total interest

CONCEPTS
If P is the principal, R is rate; T is
time and SI, i.e, the simple Interest.
Then
SI = (P × T × R) / 100
P = (SI × 100) / (R × T)
R = (SI × 100) / (P × T)
T = (SI × 100) / (P × R)
THEORY
Relation Among Principal, Time,
Rate per annum and Total interest

CONCEPTS
Amount = Principal + Total interest;
Amount = Principal + (P × T × R) / 100

Time = [ (total interest) / (interest on


the principal for one year) ] × years
THEORY
QUESTION

03
09. FIND THE SIMPLE INTEREST ON RS. 5200
FOR 2 YEARS AT 6% PER ANNUM.

A. RS. 450
B. RS. 524
C. RS. 600
D. RS. 624
ANSWER
ANSWER

ANSWER : D
QUESTION

10. RS. 1200 IS LENT


03 OUT AT 5% PER ANNUM
SIMPLE INTEREST FOR 3 YEARS. FIND THE
AMOUNT AFTER 3 YEARS.

A. RS. 1380
B. RS. 1290
C. RS. 1470
D. RS.1200
E. RS. 1240
ANSWER
ANSWER

ANSWER : A
QUESTION

11. INTEREST OBTAINED


03 ON A SUM OF RS.
5000 FOR 3 YEARS IS RS. 1500. FIND THE
RATE PERCENT.

A. 8%
B. 9%
C. 10%
D. 11%
E. 12
ANSWER
ANSWER

ANSWER : C
QUESTION

12. FIND THE RATE


03 OF INTEREST IF THE
AMOUNT AFTER 2 YEARS OF SIMPLE
INTEREST ON A CAPITAL OF RS. 1200 IS RS.
1440.
A. 8%
B. 9%
C. 10%
D. 11%
E. 12%
ANSWER
ANSWER

ANSWER : C
QUESTION
13. WHAT IS THE SIMPLE INTEREST ON A SUM
03
OF RS. 700 IF THE RATE OF INTEREST FOR
THE FIRST 3 YEARS IS 8% PER ANNUM AND FOR
THE LAST 2 YEARS IS 7.5% PER ANNUM?
A. RS. 269.5
B. RS. 283
C. RS. 273
D. RS. 280
E. NONE OF THESE
ANSWER
ANSWER

ANSWER : C
QUESTION

14. RAHUL PURCHASED 03


A MARUTI VAN FOR RS. 1,
96,000 AND THE RATE OF DEPRECIATION IS 14-% AND
2/7 PER ANNUM. FIND THE VALUE OF THE VAN AFTER
TWO YEARS.

A. RS. 1,40,000
B. RS.1,44,000
C. RS. 1,50,000
D. RS. 1,60,000
E. NONE OF THESE
ANSWER
ANSWER

ANSWER : B
QUESTION

15. WHAT WILL BE THE


03 SIMPLE INTEREST ON
RS. 700 AT 9% PER ANNUM FOR THE PERIOD
FROM FEBRUARY 5, 1994 TO APRIL 18, 1994?
A. RS. 12.60
B. RS. 11.30
C. RS. 15
D. RS. 13
E. NONE OF THESE
ANSWER
ANSWER

ANSWER : A
QUESTION
16. ASIF BORROWS RS. 1500 FROM TWO MONEYLENDERS.
HE PAYS INTEREST AT03THE RATE OF 12% PER ANNUM
FOR ONE LOAN AND AT THE RATE OF 14% PER ANNUM
FOR THE OTHER. THE TOTAL INTEREST HE PAYS FOR
THE ENTIRE YEAR IS RS. 186. HOW MUCH DOES HE
BORROW AT THE RATE OF 12%

A. RS. 1200
B. RS.1300
C. RS. 1400
D. RS. 300
ANSWER
ANSWER

ANSWER : A
QUESTION

03
17. IN WHAT TIME WILL THE SIMPLE INTEREST
ON RS. 1750 AT 9% PER ANNUM BE THE SAME AS
THAT ON RS. 2500 AT 10.5% PER ANNUM IN 4
YEARS?
A. 6 YEARS AND 8 MONTHS
B. 7 YEARS AND 3 MONTHS
C. 6 YEARS
D. 7 YEARS AND 6 MONTHS
ANSWER
ANSWER

ANSWER : A
CONCEPTS
Compound Interest
A = P ( 1 + r/n )^(nt)

*YOU DO NOT NEED TO SOLVE THESE


QUESTIONS UNLESS ...
QUESTION

03
18. 3 YEARS AGO, RAFSAN THE CHOTOBHAI TOOK
A LOAN OF 3CR TK FROM MUTUAL TRUST BANK ON
10% COMPOUND INTEREST. HOW MUCH DOES HE
HAVE TO PAY BACK NOW?
ANSWER
QUESTION

03
19.
ANSWER
ANSWER

ANSWER : C
QUESTION

20. 03
ANSWER
ANSWER

ANSWER : B
QUESTION

21. 03
ANSWER
ANSWER

ANSWER : C
QUESTION

22. 03
ANSWER
ANSWER

ANSWER : B
QUESTION

03
23. COMPOUND INTEREST ON RS. 1000 AT THE
RATE OF 20% PER ANNUM FOR 18 MONTH WHEN
INTEREST IS COMPOUNDED HALF YEARLY.

A. RS. 331
B. RS. 1331
C. RS. 320
D. RS. 325
E. NONE OF THESE
ANSWER
ANSWER

ANSWER : A
PRACTICE
MATERIALS
The IBA Book Website PTs Vocab

Percentage Percentage Tathirmichil.com


Profit-loss Profit-loss Vocabulary List
Interest Interest
THANK YOU

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