Question : The price of an article is cut by 31%, to restore its original value, the new price must be increased by:
Option 1: 66%
Option 2: 44.93%
Option 3: 39.76%
Option 4: 82.5%
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Correct Answer: 44.93%
Solution : Given: The price of an article is cut by 31%. Let the original price of the article be Rs.100. Now, The price of an article is cut by 31%. ⇒ The new price of the article $=\frac{100-31}{100}\times 100= 69$ To restore its original value, the new price must be increased by: ⇒ $\frac{100-69}{69}\times 100=\frac{3100}{69}= 44.93\%$ Hence, the correct answer is 44.93%.
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Question : Which of these statements is true?
Option 1: Under competitive asset market conditions, the price of a bond must always be equal to its present value in equilibrium.
Option 2: Under competitive asset market conditions, the price of a bond must be less than its present value to benefit the seller.
Option 3: Under competitive asset market conditions, the price of a bond must exceed its present value to benefit the buyer.
Option 4: Under competitive asset market conditions, the present value must exceed the price of a bond to benefit the seller.
Question : If the selling price of an article is $1\tfrac{1}{3}$rd of the cost price, find gain percentage:
Option 1: $25\%$
Option 2: $33\frac{1}{3}\%$
Option 3: $1.33\%$
Option 4: $66\tfrac{2}{3}\%$
Question : A merchant loses 10% by selling an article. If the cost price of the article is Rs. 15, then the selling price of the article is:
Option 1: Rs. 13.20
Option 2: Rs. 16.50
Option 3: Rs. 12.30
Option 4: Rs. 13.50
Question : The marked price of an article is $40$% more than its cost price. If a $20$% discount is given on the marked price, then what will be the profit percentage?
Option 1: $15$%
Option 2: $12$%
Option 3: $10$%
Option 4: $8$%
Question : Under which article of the Constitution can an individual move the Supreme Court directly in case of any violation of fundamental rights?
Option 1: Article 32
Option 2: Article 28
Option 3: Article 29
Option 4: Article 31
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