Quantitative Aptitude Quiz For Bank Foundation 2023 12th January

Q1. Shivam bought a stock of soaps worth Rs.80000. He sold 20% stock at profit of 12% and he sold 60% stock at 15% profit. If remaining stock of soap is damaged by fire, then find profit/loss of Shivam on the whole transaction.
(a) Rs.3940 profit
(b) Rs.5620 loss
(c) Rs.2480 loss
(d) Rs.6880 loss
(e) Rs.1680 profit

Q2. Aakash sells an article at a profit of 10%.Had he bought it for 5% less and sold it for 120 rs more then he would have gained 20% profit. What is the cost price of the article ?
(a)Rs 2500
(b) Rs 4000
(c) Rs 3000
(d) Rs 3500
(e) Rs 2000

Q3. Akshay buys an article and markup it 30 % above its cost price. At the time of sale, he gives 10% discount instead of 15% due to which he earns Rs. 13 more. Find cost price.
(a) Rs. 230
(b) None of these
(c) Rs. 150
(d) Rs. 130
(e) Rs. 200

Q4. If the shopkeeper marked the price of an item 60% above the cost price and then gives two successive discounts of 10% and 15% respectively, then find the profit percentage of the shopkeeper on selling the item?
(a) 25.4%
(b) 22.4%
(c) 20%
(d) 28.5%
(e) 32%

Q5. Man sold article A at 100% profit and article B at 20% profit. If selling price of article A and article B is same then find his overall profit percentage
(a) 40%
(b) 50%
(c) 55%
(d) 60%
(e) 75%

Q6. Aakash invested Rs 16800 on simple interest at r % p.a. for 3 yrs and received Rs 7560 as total interest. Find the interest amount received by Aakash if the same amount is invested on compound interest at (r+5)% rate of interest after 2 yrs?
(a) Rs 7560
(b) Rs 7392
(c) Rs 7120
(d) Rs 7820
(e) Rs 7460

Q7. A bank offers an interest of 10% per annum which is compounded half yearly. Krishan invests Rs.10000, what is the total amount he will earn after 2 years? (approximately)
(a) Rs 14,641
(b) Rs 12,155
(c) Rs 11,011
(d)Rs 13,000
(e)Rs 13,310

Q8. Jaddu & Ravi invested equal amount at 10% p.a. rate of interest on simple interest & compound interest. Interest received by Ravi after 2 years is same as interest received by Jaddu after some years. Find investment period of Jaddu.
(a) 2.8 years
(b) None of these
(c) 2.4 years
(d) 2.1 years
(e) Cannot be determined

Q9. What is the interest earned by a leader on 10000 Rupees for the period of 2 years at the rate of 12.5% S.I.
(a) 2000 Rs.
(b) 2500 Rs.
(c) 3000 Rs.
(d) 3500 Rs.
(e) 1500 Rs.

Q10. An amount of 4000 rs is invested at 20% per annum for 2 yrs at compound interest compounding half-yearly, then find the total interest amount received after 2 yrs ?
(a) Rs 1856.4
(b) Rs 1812.4
(c) Rs 1882.4
(d) Rs 1912.4
(e) None of these

Q11. A and B entered into a partnership with amount Rs 2500 and Rs 4500 respectively and C joined them after 5 months with amount Rs 2400 and if total profit at the end of the year is Rs 16800, then find the difference between profit amount earned by B and C ?(in Rs)
(a) 6000
(b) 5800
(c) 5600
(d) 6200
(e) 6400

Q12. Three partners A, B and C invested their amounts in ratio of 3 : 5 : 7. At the end of four months, A invests some amount such that, his total investment will be equal to C’s initial investment. If C’s share in profit is Rs 3150 then what will be total annual profit?
(a) Rs 8150
(b) Rs 7950
(c) Rs 8000
(d) Rs 7500
(e) Rs 8900

Q13. A invested 25000 and B invested 75000 in a business and Ratio of time in which they invest is 7: 4. If the difference between their profit is 500 Rs, then what is the total profit?
(a) 1800
(b) 2000
(c) 1900
(d) 1700
(e) 2100

Q14. Amit and Deepak started a business with initial investments in the ratio of 3:1 respectively. At the end of 8 months from start of the business, Amit left. If Deepak received Rs 8000 as his share of the annual profit, then find what was annual profit?
(a) Rs 20000
(b) Rs 28000
(c) Rs 24000
(d) Rs 32000
(e) Rs 16000

Q15. Arun, Bhavya & Ashu entered into a partnership, ratio of investment of Arun & Bhavya is 4 : x and ratio of investment of Bhavya & Ashu is 3 : 4. If at the end of two years Ashu receives Rs 1850 as profit out of total profit Rs 3700. Then find the value of x?
(a) 12
(b) 14
(c) 16
(d) 8
(e) 10

Solutions