Multiple Choice Questions on Hridaya opened her piggy bank and found coins of denomination Rs1 Rs2 Rs5 and 10 in the ratio 10 5 2........... for SSC CGL Exam Preparation

Ratio, Proportion

Quantitative Aptitude (CGL)

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Indian Economy - Understanding the basics of Indian economic system

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    Hridaya opened her piggy bank and found coins of denomination Rs1, Rs2, Rs5 and ?10 in the ratio 10 : 5 : 2 : 1. If there are 72

    coins in all, then how much money (in Rs) was there in the piggy bank in the form of coins?

    This questions was previously asked in
    SSC CGL 16th August 2021 Shift-2

    100

    Incorrect Answer

    72

    Incorrect Answer

    160

    Correct Answer

    90

    Incorrect Answer
    Explanation:

    Here's a breakdown of this problem:

    - Cost Price (CP): Let's assume the cost price is $100.

    - Marked Price (MP): The shopkeeper marks it 40% above the CP. This means MP = $100 + 40% of $100 = $140.

    - Discount: A 25% discount is given on the MP. This makes the Selling Price (SP) = $140 - 25% of $140 = $140 - $35 = $105.

    - Gain/Loss Calculation: The gain is calculated as SP - CP = $105 - $100 = $5.

    - Gain Percent: This is calculated as ($5 / $100) * 100 = 5%.

    Correct Answer: 3. 5% Gain


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