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Question 1. The cost of a car depreciates at the rate of 20% every year. If its present worth  is ₹ 315600, find the purchase value of the car, if it was purchased two years back.
  1.    ₹ 4,93,125
  2.    ₹ 2,01,984
  3.    ₹ 4,10884
  4.    ₹ 2,22,884
Answer: Option A
: A

Given that A =₹ 3,15,600 , r = 20 % ; n = 2 years.

Let P be the value of the car two years ago.

A=P(120100)2
315600=P(115)2
315600=P(4×45×5)

P=315600×5×54×4

P=4,93,125

Purchase value of the car=4,93,125

Question 2. On what is Goods and Service Tax (GST) levied?
  1.    Cost Price
  2.    Selling Price
  3.    Marked Price
  4.    Discount
Answer: Option B
: B

Goods and ServiceTax (GST) is levied on selling price.

Question 3. What is the value of 200% of 12?
  1.    24
  2.    20
  3.    6
  4.    16
Answer: Option A
: A

200% of 12 =200100×12=2×12=24

Question 4. I bought a second-hand car for ₹50,000, had it transported for ₹5,000 and sold it for ₹59,400. What is my profit %?
  1.    1%
  2.    0%
  3.    3%
  4.    8%
Answer: Option D
: D

Profit is the difference between the selling price and total cost price
Total cost price = Cost price + Transportation costs = ₹50,000 + ₹5,000 = ₹55,000
Selling price = ₹59,400
Profit = ₹59400 - ₹55000 = ₹4400
Profit%=ProfitNet expenses×100
=440055000×100=8%.