Percentage Questions

Multiple choice
  1. 24.5%

  2. 17.33%

  3. 25%

  4. 32.5%

Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Let CP be 1 per unit. Marked price = 1.2. Selling price = 1.2 * 0.8 = 0.96. Cheating: buys 1100g for price of 1000g, sells 900g for price of 1000g. Effective CP = 1000/1100 = 0.909. Effective SP = 1000/900 * 0.96 = 1.066. Profit = (1.066 - 0.909) / 0.909 = 0.1733 = 17.33%.

Multiple choice
  1. A

  2. B

  3. C

  4. D

Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Let the initial income be 100, so the expenditure is 75 and the savings are 25. After the increases, the new income is 120 and the new expenditure is 82.5 (10% more than 75). This leaves new savings of 120 - 82.5 = 37.5, which is a 50% increase from the original savings of 25.

Multiple choice
  1. 10% more

  2. 10% less

  3. 1% less

  4. 1% more

  5. None

Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

Let initial price be 100. End of year 1: 110. End of year 2: 110 * 0.9 = 99. End of year 3: 99 * 1.1 = 108.9. End of year 4: 108.9 * 0.9 = 98.01. Price at end of year 4 is 98.01, price at end of year 2 is 99. Decrease = 99 - 98.01 = 0.99, which is 1 percent of 99.

Multiple choice
  1. 17,650

  2. 17,560

  3. 17, 460

  4. 17, 640

Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

Population after 2 years = 16000 * (1 + 5/100)^2 = 16000 * (1.05)^2 = 16000 * 1.1025 = 17640.

Multiple choice
  1. 5000

  2. 5500

  3. 6000

  4. 6600

Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

Let the initial population be P. After 3 years of 10% growth, P * (1.1)^3 = 7986. P * 1.331 = 7986, so P = 7986 / 1.331 = 6000.

Multiple choice
  1. 10%

  2. 3%

  3. 7%

  4. 8%

Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

Real GDP growth = Nominal GDP growth - GDP deflator growth = 15% - 5% = 10%. Per capita real GDP growth = (1 + Real GDP growth) / (1 + Population growth) - 1. Using approximation: 10% - 2% = 8%.