The owner of an art shop conducts his business in the following manner: Every once in a while he raises his prices by X%, then a while later he reduces all the new prices by X%. After one such up-down cycle, the price of a painting decreased by Rs 441. After a second up-down cycle the painting was sold for Rs 1944.81. What was the original price of the painting?
Correct Answer : B
If the interest on Rs. 800 exceeds that on Rs. 600 by Rs. 15.50 in 6 months, find the rate percent p.a.
A radio can be brought for Rs.2000 cash or for Rs.2200 on 5 months credit. Find the interest rate p.a. Consider simple interest.
Instead of a metre scale, a cloth merchant uses a 120 cm scale while buying, but uses an 80 cm scale while selling the same cloth. If he offers a discount of 20 percent on cash payment, what is his overall percent profit?