Question : The average price of 20 pens is Rs. 18. If 12 new pens are added, then the average price rises by Rs. 4. What is the total price of the new pens?
Option 1: Rs. 384
Option 2: Rs. 368
Option 3: Rs. 328
Option 4: Rs. 344
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Correct Answer: Rs. 344
Solution : Given: The average price of 20 pens = Rs. 18 Total price of 20 pens = 20 × 18 = 360 If 12 new pens are added, then the average price rises by Rs. 4 = 32 × 22 = 704 The total price of the new pens = 704 – 360 = 344 Hence, the correct answer is Rs. 344.
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Question : The cost price of the box of pens is Rs. 400. The shopkeeper gave a 10% discount on the cost price. What will be the selling price?
Option 1: Rs. 300
Option 2: Rs. 360
Option 3: Rs. 350
Option 4: Rs. 380
Question : The average of 21 numbers is 60. If each number is increased by 20, then find the number by which the average is increased.
Option 1: 12
Option 2: 18
Option 3: 15
Option 4: 20
Question : The law of demand states that when _____.
Option 1: income and price rise demand rises
Option 2: income rises demand rises
Option 3: price rises demand rises
Option 4: price falls demand rises
Question : The price of a bicycle is marked by a trader at Rs. 1000. He sold the bicycle allowing successive discounts of 20%, 10% and 5%. Thus the trader gained 14%, then the cost price of the bicycle (in rupees) is:
Option 1: Rs. 790
Option 2: Rs. 600
Option 3: Rs. 560
Option 4: Rs. 510
Question : If the cost price is Rs. 150 less than the selling price and the profit is 20%, then what is the selling price (in Rs.)?
Option 1: Rs. 750
Option 2: Rs. 800
Option 3: Rs. 850
Option 4: Rs. 900
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