q: The purchase price of an article is $48. In order to include 20% of cost for overhead and to provide $12 of net profit, the markup should be
Options:
(A) 15%
(B) 25%
(C) 35%
(D) 40%
(E) 45%
a: Stream of consciousness: Cost price of article = 48$
% of overhead cost = 20
Net profit = 12 $
We need to calculate % markup
Net profit as % of cost price = (12/48)*100 = 25%
Total markup should be = 25 + 20 = 45% The answer is (E).

question: 80 white and black tiles will be used to form a 10x10 square pattern. If there must be at least one black tile in every row and at least one white tile in every column, what is the maximum difference between the number of black and white tiles that can be used?
Options:
(A) 75
(B) 80
(C) 85
(D) 90
(E) 60
answer: Stream of consciousness: Answer = E
Please refer diagram below
70 - 10 = 60 The answer is (E).

q: If a man can cover 8 metres in one second, how many kilometres can he cover in 3 hours 45 minutes?
Options:
(A) 108
(B) 180
(C) 107
(D) 168
(E) 122
a: Stream of consciousness: 8 m/s = 8 * 18/5 kmph
3 hours 45 minutes = 3 3/4 hours = 15/4 hours
Distance = speed * time = 8 * 18/5 * 15/4 km = 108 km. The answer is (A).

question: 5, 10, 13, 26, 29, 58, 61, (....)
Options:
(A) 128
(B) 64
(C) 122
(D) 125
(E) 130
answer: Stream of consciousness: Numbers are alternatively multiplied by 2 and increased by 3
5 2 = 10
10 + 3 = 13
13 2 = 26
26 + 3 = 29
29 2 = 58
58 + 3 = 61
61 2 = 122 The answer is (C).

q: A and B can do a work in 6 days, B and C in 2 days and C and A in 8 days. In how many days will the work be completed, if all three of them work together?
Options:
(A) 12/24
(B) 48/63
(C) 45/56
(D) 48/19
(E) 28/12
a: Stream of consciousness: One day work of A and B = 1/6
One day work of B and C = 1/2
One day work of C and A = 1/8
2(A + B + C) = 1/6 + 1/2 + 1/8
2(A + B + C) = 19/24
(A + B + C) = 19/48
Number of days required = 48/19 days. The answer is (D).

q: Simple interest on a certain sum is 16 over 25 of the sum. Find the rate per cent and time, if both are equal.
Options:
(A) 8% and 8 years
(B) 6% and 6 years
(C) 10% and 10 years
(D) 12 % and 12 years
(E) None of these
a:
Stream of consciousness: 1625P = PRR/100
R2 = 160025 R = 405 = 8%
Also, time = 8 years The answer is (A).