model 3 reducing & exceeding prices Section-Wise Topic Notes With Detailed Explanation And Example Questions
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The following question based on percentage topic of quantitative aptitude
(a) 20%
(b) 30%
(c) 33$1/3$%
(d) 25%
The correct answers to the above question in:
Answer: (a)
Using Rule 1,
If x is reduced to x0 , then, Reduce % = ${x – x_0}/x × 100$
Percentage decrease = $0.25/1.25 × 100 = 20%$
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Read more reducing exceeding prices Based Quantitative Aptitude Questions and Answers
Question : 1
A reduction of 21% in the price of an item enables a person to buy 3 kg more for Rs.100. The reduced price of item per kg is
a) Rs.5.50
b) Rs.10.50
c) Rs.7.00
d) Rs.7.50
Answer »Answer: (c)
Original price of article = Rs.x per kg.
New price = Rs.${79x}/100$ per kg
$100/{{79x}/100} - 100/x = 3$
$10000/{79x} - 100/x = 3$
${10000 - 7900}/{79x} = 3$
$2100/{79x} = 3$
$700/{79x} = 1$
$79x = 700 ⇒ x = 700/79$
New price
= ${79x}/100 = 79/100 × 700/79$ = Rs.7 per kg
Using Rule 31,
Reduced price per kg. = ${21 × 100}/{100 × 3}$ = Rs.7
Question : 2
In 2001, the price of a building was 80% of its original price. In 2002, the price was 60% of its original price. By what percent did the price decrease ?
a) 15%
b) 25%
c) 30%
d) 20%
Answer »Answer: (b)
Original price of building = Rs. 100 (let)
Its price in 2001 = Rs. 80
Its price in 2002 = Rs. 60
Required percentage decrease = $({80 - 60}/80) × 100$
= $200/8 = 25%$
Question : 3
The price of rice has increased by 60%. In order to restore the original price, the new price must be reduced by
a) 33$1/3$%
b) 40%
c) 45%
d) 37$1/2$%
Answer »Answer: (d)
Required percent = $x/{100 + x} × 100$
where x = 60%
= $60/160 × 100 = 75/2 = 37{1}/2$%
Question : 4
Due to an increase of 20% in the price of eggs, 2 eggs less are available for Rs.24. The present rate of eggs per dozen is :
a) Rs.25.00
b) Rs.27.80
c) Rs.28.80
d) Rs.26.20
Answer »Answer: (c)
Original rate = Rs.x per egg
New rate = Rs.${6x}/5$ per egg
$24/x - {24 × 5}/{6x} = 2$
$24/x - 20/x = 2$
$4/x = 2 ⇒ x = 2$
New rate = Rs.$12/5$ per egg.
Rate per dozen of eggs
= Rs.$(12/5 × 12)$ = Rs.28.80
Using Rule 31,
New price/present price
= ${20 × 24}/{100 × {2/12}}$ = Rs.28.80
Question : 5
A reduction of 20% in the price of wheat enables Lalita to buy 5 kg more wheat for Rs.320. The original rate (in rupees per kg) of wheat was
a) 16
b) 20
c) 21
d) 18
Answer »Answer: (a)
Original price of wheat = Rs.x /kg.
New price of wheat = Rs.${4x}/5 /kg$
$320/{{4x}/5} - 320/x = 5$
$320(5/{4x} - 1/x) = 5$
$320({5 - 4}/{4x}) = 5$
$320/{4x} = 5 ⇒ x = 320/{4 × 5} = Rs.16$
Using Rule 31,
New price = ${20 × 320}/{100 × 5}$
= $1280/100$ = Rs.12.8
Let the original price be Rs.x per kg.
$x - {20x}/100 = 12.8$
80x = 12.8 × 100
$x = 1280/80 ⇒ x = 16$ per kg.
Question : 6
Due to an increase of 50% in the price of eggs, 4 eggs less are available for Rs.24. The present rate of eggs per dozen is :
a) Rs.24
b) Rs.36
c) Rs.42
d) Rs.27
Answer »Answer: (b)
The original price of 1 egg = Rs.x
Present price = Rs.$3/2x$
$24/x - 24/{{3x}/2} = 4$
$24/x(1 - 2/3) = 4$
$8/x = 4 ⇒ x = 2$
Present price of eggs per dozen
= $12 × 3/2 × 2 = Rs.36$
Using Rule 31,
New price = ${50 × 24}/{100 × {4/12}}$ = Rs.36
GET percentage PRACTICE TEST EXERCISES
model 1 simple percentage questions
model 2 net increase or decrease in %
model 3 reducing & exceeding prices
model 4 x & y comparison
model 5 income & expenditure
model 6 consumption & remaining
model 7 marks scored in examinations
Model 8 population based
model 9 voters & election
model 10 percentage with allegations & mixture
model 11 percentage with ratios
percentage Shortcuts and Techniques with Examples
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model 1 simple percentage questions
Defination & Shortcuts … -
model 2 net increase or decrease in %
Defination & Shortcuts … -
model 3 reducing & exceeding prices
Defination & Shortcuts … -
model 4 x & y comparison
Defination & Shortcuts … -
model 5 income & expenditure
Defination & Shortcuts … -
model 6 consumption & remaining
Defination & Shortcuts … -
model 7 marks scored in examinations
Defination & Shortcuts … -
Model 8 population based
Defination & Shortcuts … -
model 9 voters & election
Defination & Shortcuts … -
model 10 percentage with allegations & mixture
Defination & Shortcuts … -
model 11 percentage with ratios
Defination & Shortcuts …
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