q: The purchase price of an article is $48. In order to include 10% 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 = 10
Net profit = 12 $
We need to calculate % markup
Net profit as % of cost price = (12/48)*100 = 25%
Total markup should be = 25 + 10 = 35% The answer is (C).
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q: A and B can do a work in 2 days, B and C in 6 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) 12/28
(B) 48/19
(C) 16/48
(D) 18/48
(E) 12/64
a: Stream of consciousness: One day work of A and B = 1/2
One day work of B and C = 1/6
One day work of C and A = 1/8
2(A + B + C) = 1/2 + 1/6 + 1/8
2(A + B + C) = 19/24
(A + B + C) = 19/48
Number of days required = 48/19 days. The answer is (B).
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q: A pipe can fill a cistern in 18 minutes whereas the cistern when fill can be emptied by a leak in 36 minutes. When both pipes are opened, find when the cistern will be full?
Options:
(A) 17
(B) 36
(C) 70
(D) 13
(E) 12
a:
Stream of consciousness: 1/18 - 1/36 = 1/36
36 minutes The answer is (B).
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