Question : The price of a house increases every year by 20%. If the current price is Rs. 7,20,000, then what was its price (in Rs.) 2 years ago?
Option 1: 5,00,000
Option 2: 5,50,000
Option 3: 4,50,000
Option 4: 5,80,000
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Correct Answer: 5,00,000
Solution : Present Price = 7,20,000 Let the price 2 years ago be $x$ ⇒ Price 1 year ago = x + 0.2$x$ = 1.2$x$ ⇒ Price now = 1.2$x$ + 0.2 × 1.2$x$ = 1.44$x$ Therefore, 1.44$x$ = 7,20,000 v = $\frac{720000}{1.44}$ = 5,00,000 Hence, the correct answer is 5,00,000.
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Question : The price of kerosene increases by 10 %, every year. If the current price of kerosene is INR 50 per litre then what will be the price of kerosene per litre after 2 years?
Option 1: INR 65.6
Option 2: INR 60.5
Option 3: INR 52.8
Option 4: INR 55.6
Question : A two-wheeler depreciates by 20% of its value every year. If the present value of the same is Rs. 90,000, its depreciated value would be Rs. 36,864 after:
Option 1: 6 years
Option 2: 5 years
Option 3: 4 years
Option 4: 3 years
Question : An article is sold at a 5 percent loss. If its cost price is decreased by Rs. 20 and the selling price is increased by Rs. 13, then a profit of 10 percent is earned on it. What is the original selling price of the article?
Option 1: Rs 266.66
Option 2: Rs 221.66
Option 3: Rs 283.33
Option 4: Rs 250
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
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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