Percentage MCQ & Objective Questions
Understanding percentages is crucial for students preparing for school exams and competitive tests in India. Mastering this topic not only aids in solving real-life problems but also enhances your performance in exams. Practicing MCQs and objective questions on percentages helps you grasp key concepts and boosts your confidence, ensuring you score better in important exams.
What You Will Practise Here
Definition and significance of percentages
Conversion between fractions, decimals, and percentages
Calculating percentage increase and decrease
Finding percentages of given quantities
Applications of percentages in profit and loss
Percentage problems in ratio and proportion
Real-life applications of percentages in various fields
Exam Relevance
Percentage is a vital topic in various examinations, including CBSE, State Boards, NEET, and JEE. It frequently appears in objective questions, where students are required to solve problems related to percentage calculations, profit and loss, and data interpretation. Common question patterns include direct calculations, word problems, and application-based scenarios, making it essential for students to be well-prepared.
Common Mistakes Students Make
Confusing percentage increase with percentage decrease
Incorrectly converting fractions and decimals to percentages
Misunderstanding the context of word problems
Neglecting to simplify problems before solving
Overlooking the importance of units in percentage calculations
FAQs
Question: What are some effective strategies to solve percentage MCQs quickly?Answer: Practice regularly, understand the underlying concepts, and learn shortcuts for common calculations to improve speed and accuracy.
Question: How can I relate percentages to real-life situations?Answer: Consider examples like discounts during shopping, interest rates on loans, or calculating marks in exams to see the practical applications of percentages.
Now is the time to enhance your understanding of percentages! Dive into our practice MCQs and test your knowledge to ensure you are well-prepared for your exams. Remember, consistent practice leads to success!
Q. A bank offers 5% interest per annum. If you invest $1,000, how much interest will you earn in 3 years?
A.
150
B.
100
C.
200
D.
250
Show solution
Solution
Simple interest = Principal * Rate * Time = $1,000 * 5/100 * 3 = $150.
Correct Answer:
B
— 100
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Q. A bank offers 5% simple interest per annum. How much interest will be earned on a principal of $2000 after 3 years?
A.
300
B.
200
C.
150
D.
100
Show solution
Solution
Interest = Principal * Rate * Time = 2000 * 0.05 * 3 = 300.
Correct Answer:
A
— 300
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Q. A car's value depreciates by 10% each year. If its current value is $18,000, what will be its value after one year?
A.
$16,200
B.
$15,000
C.
$14,400
D.
$17,000
Show solution
Solution
Depreciation = 10% of 18000 = 0.1 * 18000 = 1800. Value after one year = 18000 - 1800 = 16200.
Correct Answer:
A
— $16,200
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Q. A car's value depreciates by 10% each year. If its current value is $20,000, what will be its value after one year?
A.
$18,000
B.
$19,000
C.
$17,500
D.
$16,000
Show solution
Solution
Value after one year = 20000 - (10/100 * 20000) = 20000 - 2000 = $18,000.
Correct Answer:
A
— $18,000
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Q. A car's value depreciates by 10% each year. If its current value is $9000, what will be its value after one year?
A.
$8100
B.
$8200
C.
$8300
D.
$8400
Show solution
Solution
Depreciation = 10% of 9000 = 0.1 * 9000 = 900. Value after one year = 9000 - 900 = 8100.
Correct Answer:
A
— $8100
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Q. A car's value depreciates by 10% each year. If the current value is $20,000, what will be its value after one year?
A.
$18,000
B.
$19,000
C.
$20,000
D.
$21,000
Show solution
Solution
Value after one year = 20000 - (0.1 * 20000) = 20000 - 2000 = $18,000.
Correct Answer:
A
— $18,000
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Q. A car's value depreciates by 15% each year. If its current value is $20,000, what will be its value after one year?
A.
$15,000
B.
$16,500
C.
$17,000
D.
$18,000
Show solution
Solution
Value after one year = 20000 - (0.15 * 20000) = 20000 - 3000 = 17000
Correct Answer:
B
— $16,500
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Q. A car's value depreciates by 15% each year. If its current value is $8500, what will be its value after one year?
A.
$7225
B.
$7500
C.
$8000
D.
$8500
Show solution
Solution
Value after one year = 8500 - (15% of 8500) = 8500 - 1275 = 7225.
Correct Answer:
A
— $7225
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Q. A car's value depreciates by 15% each year. If the current value is $20,000, what will be its value after one year?
A.
$17,000
B.
$18,000
C.
$19,000
D.
$16,500
Show solution
Solution
Depreciation = 15% of 20000 = 3000; Value after one year = 20000 - 3000 = 17000.
Correct Answer:
A
— $17,000
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Q. A car's value depreciates by 20% each year. If the current value is $10,000, what will be its value after one year?
A.
$7,500
B.
$8,000
C.
$8,500
D.
$9,000
Show solution
Solution
Depreciation = 20% of 10000 = 0.2 * 10000 = 2000; Value after one year = 10000 - 2000 = 8000.
Correct Answer:
A
— $7,500
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Q. A car's value depreciates by 20% each year. If the current value is $25,000, what will be its value after one year?
A.
$20,000
B.
$22,000
C.
$24,000
D.
$25,000
Show solution
Solution
Depreciation = 20% of 25,000 = 5,000. Value after one year = 25,000 - 5,000 = 20,000.
Correct Answer:
B
— $22,000
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Q. A company increased the salary of its employees by 12%. If an employee's current salary is $1,500, what will be the new salary?
A.
$1,620
B.
$1,680
C.
$1,700
D.
$1,800
Show solution
Solution
New salary = 1500 + (12/100)*1500 = 1500 + 180 = $1,680.
Correct Answer:
B
— $1,680
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Q. A company increased the salary of its employees by 15%. If an employee's current salary is $2000, what will be the new salary after the increase?
A.
$2200
B.
$2300
C.
$2400
D.
$2500
Show solution
Solution
New salary = Current salary + (15% of Current salary) = 2000 + (0.15 * 2000) = 2000 + 300 = 2300.
Correct Answer:
A
— $2200
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Q. A discount of 30% is given on a product priced at $150. What is the final price?
A.
105
B.
120
C.
90
D.
75
Show solution
Solution
Discount = 30% of $150 = (30/100) * 150 = $45. Final price = $150 - $45 = $105.
Correct Answer:
A
— 105
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Q. A jacket is marked at $150 but is sold at a 25% discount. What is the sale price of the jacket?
A.
$100
B.
$112.50
C.
$125
D.
$130
Show solution
Solution
Discount = 25% of 150 = 37.5. Sale price = 150 - 37.5 = 112.5.
Correct Answer:
B
— $112.50
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Q. A jacket is marked at $80 and is sold for $64. What is the percentage discount?
A.
20%
B.
25%
C.
30%
D.
15%
Show solution
Solution
Discount = $80 - $64 = $16. Percentage discount = (16/80) * 100 = 20%.
Correct Answer:
B
— 25%
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Q. A jacket originally priced at $80 is marked down by 25%. What is the new price?
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Solution
Discount = 25% of $80 = $20. New price = $80 - $20 = $60.
Correct Answer:
A
— 60
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Q. A man earns $1,200 per month. If he saves 15% of his income, how much does he save?
A.
180
B.
150
C.
200
D.
120
Show solution
Solution
Savings = 15% of $1,200 = (15/100) * 1200 = $180.
Correct Answer:
A
— 180
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Q. A man earns $1,200 per month. If he spends 75% of his income, how much does he save?
A.
$200
B.
$300
C.
$400
D.
$500
Show solution
Solution
Spending = 75% of 1,200 = 900. Savings = 1,200 - 900 = 300.
Correct Answer:
B
— $300
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Q. A man earns $1200 after a 20% increase in his salary. What was his original salary?
A.
$1000
B.
$1100
C.
$1200
D.
$1300
Show solution
Solution
Let the original salary be x. Then, x + 0.2x = 1200. Therefore, 1.2x = 1200, x = 1200/1.2 = 1000.
Correct Answer:
A
— $1000
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Q. A man earns $1200 after a 25% increase in his salary. What was his original salary?
A.
$800
B.
$900
C.
$1000
D.
$1100
Show solution
Solution
Let the original salary be x. Then, x + 0.25x = 1200. Therefore, 1.25x = 1200, x = 1200 / 1.25 = 960.
Correct Answer:
C
— $1000
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Q. A man earns $1200 per month. If he spends 25% of his income on rent, how much does he spend on rent?
A.
$200
B.
$250
C.
$300
D.
$350
Show solution
Solution
Rent = 25% of $1200 = (25/100)*1200 = $300.
Correct Answer:
C
— $300
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Q. A man earns $1200 per month. If he spends 75% of his income, how much does he save?
A.
$200
B.
$300
C.
$400
D.
$500
Show solution
Solution
Amount spent = 75% of 1200 = 0.75 * 1200 = $900. Savings = 1200 - 900 = $300.
Correct Answer:
B
— $300
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Q. A man earns $3000 and spends 75% of his income. How much does he save?
A.
500
B.
750
C.
1000
D.
250
Show solution
Solution
Savings = 3000 - (0.75 * 3000) = 3000 - 2250 = 750.
Correct Answer:
B
— 750
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Q. A man earns $5000 and spends 60% of his income. How much does he save?
A.
2000
B.
2500
C.
3000
D.
1500
Show solution
Solution
Amount spent = 60% of 5000 = (60/100) * 5000 = 3000. Savings = 5000 - 3000 = 2000.
Correct Answer:
B
— 2500
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Q. A man earns $5000 and spends 60% of it. How much does he save?
A.
2000
B.
3000
C.
2500
D.
1500
Show solution
Solution
Amount spent = 60% of $5000 = $3000. Savings = $5000 - $3000 = $2000.
Correct Answer:
B
— 3000
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Q. A man earns $5000 and spends 80% of it. How much does he save?
A.
1000
B.
800
C.
1200
D.
600
Show solution
Solution
Amount spent = 80% of $5000 = (80/100) * 5000 = $4000. Savings = $5000 - $4000 = $1000.
Correct Answer:
A
— 1000
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Q. A man spends 25% of his salary on rent and 15% on groceries. If his salary is $4,000, how much does he spend on rent?
A.
$800
B.
$600
C.
$700
D.
$900
Show solution
Solution
Rent = 25% of 4000 = (25/100) * 4000 = 1000.
Correct Answer:
A
— $800
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Q. A man spends 25% of his salary on rent and 15% on groceries. What percentage of his salary does he spend on both?
A.
30%
B.
40%
C.
50%
D.
60%
Show solution
Solution
Total percentage spent = 25% + 15% = 40%.
Correct Answer:
B
— 40%
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Q. A man spends 25% of his salary on rent. If his salary is $4,000, how much does he spend on rent?
A.
$800
B.
$1,000
C.
$1,200
D.
$1,500
Show solution
Solution
Rent = 0.25 * 4000 = 1000
Correct Answer:
B
— $1,000
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