Question : Two successive price increases of 15% and 40% of an article are equivalent to a single price increase of:
Option 1: 61%
Option 2: 52%
Option 3: 55%
Option 4: 60%
New: SSC MTS Tier 1 Answer key 2024 out
Don't Miss: Month-wise Current Affairs | Upcoming Government Exams
New: Unlock 10% OFF on PTE Academic. Use Code: 'C360SPL10'
Correct Answer: 61%
Solution : For successive percentage change use the following formula, $x+y+\frac{xy}{100}$, where $x$ and $y$ are percentage increases or decreases, if increases take positive and if decreases take negative. Given: $x$ = 15% and $y$ = 40% $\therefore$ The equivalent price increase = $15+40+\frac{15×40}{100}= 61\%$ Hence, the correct answer is 61%.
Application | Cutoff | Selection Process | Preparation Tips | Eligibility | Exam Pattern | Admit Card
Question : Two successive price decreases of 20% and 30% of an article are equivalent to a single price decrease of:
Option 1: 50%
Option 2: 44%
Option 3: 25%
Option 4: 40%
Question : What is the single equivalent price increase for two successive price increase of 5% and 8% on an item?
Option 1: 13.4%
Option 2: 12.5%
Option 3: 14.2%
Option 4: 15.5%
Question : Successive discounts of 15% and 35% are equivalent to a single discount of:
Option 1: 42.28%
Option 3: 44.75%
Option 4: 33.33%
Question : Venus marked an article at 60% above its cost price, She sold it at a profit of 20%. Find the discount percentage offered in the article.
Option 1: 40%
Option 2: 15%
Option 4: 75%
Question : Successive discounts of 15% and 30% are equivalent to how much percent of a single discount?
Option 1: 52.8%
Option 2: 20.5%
Option 3: 33.33%
Option 4: 40.5%
Regular exam updates, QnA, Predictors, College Applications & E-books now on your Mobile