Considering the alarming importance of CSAT in UPSC CSE Prelims exam and with enormous requests we received recently, InsightsIAS has started Daily CSAT Test to ensure students practice CSAT Questions on a daily basis. Regular Practice would help one overcome the fear of CSAT too.We are naming this initiative as Insta– DART – Daily Aptitude and Reasoning Test. We hope you will be able to use DART to hit bull’s eye in CSAT paper and comfortably score 100+ even in the most difficult question paper that UPSC can give you in CSP-2021. Your peace of mind after every step of this exam is very important for us.
Looking forward to your enthusiastic participation (both in sending us questions and solving them on daily basis on this portal).
Quiz-summary
0 of 5 questions completed
Questions:
- 1
- 2
- 3
- 4
- 5
Information
Best of Luck! 🙂
You have already completed the quiz before. Hence you can not start it again.
Quiz is loading...
You must sign in or sign up to start the quiz.
You have to finish following quiz, to start this quiz:
Results
0 of 5 questions answered correctly
Your time:
Time has elapsed
You have reached 0 of 0 points, (0)
Categories
- Not categorized 0%
- 1
- 2
- 3
- 4
- 5
- Answered
- Review
-
Question 1 of 5
1. Question
Consider the following statements regarding a transaction:
- If the discount is doubled, the profit is halved.
- If the markup percentage is equal to the profit percentage, the discount must be zero.
Which of the above statements is/are correct?
Correct
Answer: (b)
“If the discount is doubled, the profit is halved.”
This is not universally true.
Profit depends on cost price (CP), marked price (MP), and discount rate. Doubling the discount does not guarantee that profit will reduce to half; the effect varies with the original markup.
Hence, Statement 1 is false.
Statement 2:
Let:
- CP = 100
- Markup = x% ⇒ MP = 100 + x
- Profit = x% ⇒ SP = 100 + x
Since profit is calculated on CP and markup is applied on CP:
SP=MP
This is possible only when no discount is given.
Statement 2 is always true.
Incorrect
Answer: (b)
“If the discount is doubled, the profit is halved.”
This is not universally true.
Profit depends on cost price (CP), marked price (MP), and discount rate. Doubling the discount does not guarantee that profit will reduce to half; the effect varies with the original markup.
Hence, Statement 1 is false.
Statement 2:
Let:
- CP = 100
- Markup = x% ⇒ MP = 100 + x
- Profit = x% ⇒ SP = 100 + x
Since profit is calculated on CP and markup is applied on CP:
SP=MP
This is possible only when no discount is given.
Statement 2 is always true.
-
Question 2 of 5
2. Question
A shopkeeper sells two kinds of pens, A and B. The cost price of each pen is the same. He sells N pens of type A at a 20% profit and M pens of type B at a 10% loss. If his overall transaction results in no profit and no loss, which of the following must be true?
Correct
Incorrect
-
Question 3 of 5
3. Question
Consider the following statements:
Question: What is the Cost Price (CP) of an article?
Statement I:
The article is sold at a profit of 20% after allowing a discount of 10% on its Marked Price.Statement II:
If the Marked Price is increased by ₹100 while the discount remains 10%, the profit earned becomes ₹230.Which of the following is correct?
Correct
Incorrect
-
Question 4 of 5
4. Question
A man sells an article at a profit of 50%. If he had bought it at 40% less and sold it for ₹24 less, he would have gained 100%. Find the cost price of the article.
Correct
Incorrect
-
Question 5 of 5
5. Question
A trader uses a faulty weighing balance. While buying, his balance shows 1.1 kg when the actual weight is 1 kg. While selling, his balance shows 0.9 kg when the actual weight is 1 kg. If he sells the goods at the same cost price per kg (according to his balance), what is his overall profit percentage?
Correct
Incorrect
