Banking & Insurance - Quantitative Aptitude

Approximation, Series & Quadratic Equations question bank (Speed Math & Number Systems)

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Q1.

Profit, Loss & Markup: A shopkeeper marks goods 40% above cost and offers a 20% discount in 'Simplification & Approximation through BODMAS'. What is the net profit percentage?

(A)

$12\%$ profit ($140 \times 0.80 = 112$) (Simplification & Approximation through BODMAS)

(B)

$20\%$ profit

(C)

$15\%$ profit

(D)

$10\%$ profit

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Q2.

Compound Interest vs Simple Interest: In 'Simplification & Approximation through BODMAS', the difference between CI and SI on principal $P$ for 2 years at rate $r\%$ is:

(A)

$\text{Difference} = P\left(\frac{r}{100}\right)^2$ (Simplification & Approximation through BODMAS)

(B)

$P\left(\frac{{r}}{{100}}\right)$

(C)

$\frac{{P \cdot r \cdot t}}{{100}}$

(D)

None of these

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