Question
Articles 'A' and 'B' are marked (m + n - 9) % and (4m -
8)% respectively, over their respective cost price. Cost price of 'A' is Rs. (100n(m + 2)), which is Rs. '400n' less than that of article 'B'. 'A' is sold after a discount of (4n - 5m - 26) %, whereas 'B' is sold after a discount of Rs. '770m'. (Note: 'm' is the number of prime numbers between 30 and 80, and 'n' = (m² + 32) ÷ 8) Which of the following statement(s) is/are true? I. Ratio of selling price of article 'B' to that of 'A' is 6:5. II. Profit earned on 'B' is less than the profit earned on 'A'. III. Selling price of 'B' is 20% more than the marked price of 'A'.Solution
Prime numbers between 30 and 80 = 31, 37, 41, 43, 47, 53, 59, 61, 67, 71, 73, 79 So, 'm' = 12 'n' = (12² + 32) ÷ 8 = (144 + 32) ÷ 8 = 176 ÷ 8 = 22 m + n - 9 = 12 + 22 - 9 = 25 4m - 8 = 48 - 8 = 40 100n(m + 2) = 100 × 22 × 14 = 30,800 400n = 400 × 22 = 8,800 4n - 5m - 26 = 88 - 60 - 26 = 2 770m = 770 × 12 = 9,240 Cost price of article 'A' = Rs. 30,800 Cost price of article 'B' = 30,800 + 8,800 = Rs. 39,600 Marked price of article 'A' = 1.25 × 30,800 = Rs. 38,500 Marked price of article 'B' = 1.40 × 39,600 = Rs. 55,440 Selling price of article 'A' = 0.98 × 38,500 = Rs. 37,730 Selling price of article 'B' = 55,440 – 9,240 = Rs. 46,200 Statement I: Required ratio = 46,200 : 37,730 Check with 6:5 → (46,200 × 5 = 231,000) vs (37,730 × 6 = 226,380) → not equal So, statement I is false. Statement II: Profit on 'A' = 37,730 – 30,800 = Rs. 6,930 Profit on 'B' = 46,200 – 39,600 = Rs. 6,600 Since 6,600 < 6,930 So, statement II is true. Statement III: Required percent = [(46,200 – 38,500) ÷ 38,500] × 100
= 7,700 ÷ 38,500 × 100
= 20% more So, statement III is true. Therefore, both statement II and III are true. Hence, option A.
A sum of money lent out at simple interest amounts to Rs.620 after 2 years and to Rs.1220 after a further period of 4 years. The sum is:
Neil buys a Camera priced at 32000. He pays 8000 at once and the rest after 15 months on which he is charges a simple Interest at the rate of 18% per an...
A man invested Rs. 'B' at simple interest of 18% and Rs. 'B + 4000' at simple interest of 14% p.a., for 4 years each. If the interest earned from both i...
An amount becomes seven times of itself in 48 years at simple interest. Find the value of (5R − 15), where R is the rate of interest per annum.
- Sneha invested Rs. 2700 at 15% p.a. for 2 years and Gopal invested Rs. 3600 for 1.5 years at 18% p.a. Find how much more interest Sneha received than Gopal...
Rohit invested a sum on compound interest at 'R%' per annum (compounded annually), which amounts to ₹8,000 and ₹11,520 in 2 years and 4 years respec...
What is the difference between the simple interest earned on an investment of Rs. 16,200 for 5.5 years at an annual interest rate of 8%, and the total a...
A sum of money C is Rs. 8000 more than B, B and C are invested at 10% p.a and 12.5% p.a, S.I for two years and the difference between the interest obtai...
- The amount on a certain principal at simple interest is Rs. 6,750 after 2 years and Rs. 9,000 after 5 years. What was the initial sum?
Maya had Rs. 12000 with her. She invested 30% of the sum at 8% p.a. and the rest at 18% p.a., both at simple interest for 5 years each. Find the total i...