Directions (1-5): Read the given information carefully and answer the following questions.
Arun & Veer invested Rs. 60,000 and Rs. 90,000 respectively. Arun invested for 15 months while Veer invested for 8 months and the difference between profit share of Arun and Veer is Rs.10000. Arun invested his profit share at 20% p.a on CI for 1.5 years and he bought a bike from the amount he received. Veer bought two laptops L₁ & L₂ (both laptops have equal price) from the amount which he received after investing his profit share at 15% p.a on SI for 2 years. Veer sold L₁ & L₂ at 10% and 15% profit respectively while Arun sold his bike at 5% loss.
Q1. Veer invested money (which he gets from the profit of that two laptops) in a scheme at the rate of 10% p.a. on simple interest for 4 years. What is the interest he received?
(a) Rs. 2800
(b) Rs. 2600
(c) Rs. 2500
(d) Rs. 2750
(e) Rs. 3000
Q2. If the price of Bike depreciates 15% every year, then what will be the price of bike after 2 years?
(a) Rs. 47,685
(b) Rs. 49,675
(c) Rs. 48,025
(d) Rs. 47,515
(e) Rs. 48,195
Q4. The total amount received by Arun on selling that bike and the total amount received by veer on selling both the laptops together is how much more or less than the 108% of total cost price of all the three items together?
(a) Rs. 6040
(b) Rs. 6180
(c) Rs. 6240
(d) Rs. 6340
(e) Rs. 6380
Q5. In the above passage, if the difference between profit share of Arun and Veer is Rs. 11000 instead of Rs. 10000, then what will be the change in the net profit earned on all the three items together (Rest all information remains same).
(a) Rs. 120
(b) Rs. 320
(c) Rs. 220
(d) Rs. 520
(e) Rs. 420
Solutions
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