Quant Notes
Quant Notes
Quant Notes
Number Series
N^3 +/- N
Ratio Series (Ratio can be a odd number too like 10.5)
If difference between consecutive numbers do not follow any patterns, try these patterns. For
series a b c d e f the pattern will be any one of these following patterns.
Multiply the number before last number with 2 and compare the resultant number with the
last number
a) If the resultant number is greater than the last number then it will be the addition or
subtraction of square/cube of number i.e. pattern(I).
b) If the resultant number is less than the last number and difference is large, then the
pattern will be any of these (II) or (III) or (IV) or (V)
c) If the resultant number is less than the last number but difference is small it belongs
to (VI).
Step 2: Now use the trial and error method but dont apply it to whole series use it in any of
the two numbers.
1*2 + 2*2 = 6
6*4+3*4=36
36*6+4*6=240
Miscellaneous
If the numbers in the series are increasing and decreasing and a decimal numbers are in the
series then you can guess decimal numbers playing in this series
7*0.5 + 0.5 = 4
4*1+1=5
5*1.5+1.5 = 9
9*2+2 = 20
20*2.5+2.5 =52.5
Answer C)268
2802-2 = 138
138*2-2 = 274
2742-2 = 135
135*2 2 = 268
Answer c) 71680
32*(3+2) = 160
160*(1+6+0) = 1120
1120*(1+1+2+0) = 4480
4480*(4+4+8+0) = 71680
Ques: Rama distributes his pencil among his four friends Rakesh, Rahul, Ranjan, and Rohit
in the ratio 1 / 2 : 1 / 3 : 1 / 4 : 1 / 5 . What is the minimum number of pencils that the person
should have?
A. 66
B. 64
C. 72
D. 77
E. None of these
If there is a Profit of x% and loss of y % in a transaction, then the resultant profit or loss%
is given by
[x y - (x*y/100)]
Note- For profit use sign + in previous formula and for loss use sign. If resultant come +
then there will be overall profit . If it come then there will be overall loss.
If a cost price of m articles is equal to the selling Price of n articles, then Profit percentage
(m-n)/n100%
If m part is sold at x% profit , n part is sold at y % profit, and p part is sold at z% profit and Rs.
R is earned as overall profit then the value of total consignment
R100 / (mx+ny+pz)
A man purchases a certain no. of article at m a rupee and the same no. at n a rupee. He mixes
them together and sold them at p a rupee then his gain or loss %
[{2mn/(m+n)p} -1] 100
Note += profit ,- = loss
If a trader professes to sell his goods at cost price, but uses false weights, then
Gain% = {(Error)/(True value - Error) x 100] %
Since % profit & % loss is calculated on CP, always assume CP as X if there is a need to
assume in question.
For e.g. Steve sells an article for 1200rs but this time he suffers a loss of 20%. What will
be the C.P?
Now just Take CP = x
So as i Told S.P will be ? yeah 0.8x ( As i said add in case of profit and subtact in case of
loss)
and acoording to the question SP = 1200rs
So 0.8x = 1200
x = 1200/0.8 = 1500rs
So C.P is 1500rs.
Ques: A man purchases 11 oranges for 10rs and Sells 10 oranges for 11rs.Find profit or
loss%?
Sol by fast method:-
Write The Purchase line First --- 11 oranges for 10
-----------------------------------------cross multiply-----
Selling Line 2nd 10 oranges for 11
11*11 will be SP and 10*10 will Be CP
Case II
If a person covers three equal distances at the speed of A km/h, B km/h and C km/h
respectively, then the average speed during the whole Journey will be 3ABC/(AB+BC+CA)
Case III
If distance P is covered with speed x, distance Q is covered with speed y and distance R is
covered with speed z, then for the whole journey,
Average speed=(P+Q+R+.....)/(P/x+Q/y+R/z+...)
u Speed of boat/man
v Speed of water
If the difference between SI and CI on a certain sum of money for 2 years at R% per
is D. then the sum (principal) is
P = (D*1002)/R2
If the difference between SI and CI on a certain sum of money for 3 years at R% per
is D. then the sum (principal) is
P = (D*1003)/(R2(R+300))
If a sum A becomes B in T1 years at compound rate of interest, then after T2 years the
sum becomes
(B)(T2/T1)/(A)(T2/T1 -1)
At what rate of CI per annum does a sum of money amount to Rs 4840 in 2 years and
Rs 5324 in 3 years
Solution:
Rate of interest = (Difference in amount/first amount)*100
Thus R= 10%
If compound interest obtained after 1st and 2nd year is C1 and C2 respectively on a
certain sum of money invested for 2 years, then the rate of interest:-
R = (D * 100) / C1
P = (C1^2 * 100) / D
If you go by the Compound Interest formula, the calculation would become very difficult.
This is because of the presence of the nth power. Let us see the method of equivalent rate of
interest through the formula and an example.
If the rate of compound interest for 2 years is r %, then equivalent rate of interest will be
This formula is valid if RoI is different for 1st & 2nd year. Just use r1
& r2 in place of only r.
For 3 Years, 1st calculate equivalent RoI for 2 years. Then calculate Net Equivalent RoI using
equivalent RoI for 1st two years and RoI of 3rd year. E.g.
Q. Find the compound interest on Rs. 20,000 at a rate of 17 pcpa for 2 years. Interest is
compounded annually.
If options are far from each other, then we can take it approximate to 37%, so our calculation
will be more simplified.
And the total amount would be = Rs. 20000 + Rs. 7378 = Rs. 27378
For N>2, you may also use the old Pascal's Triangle in following way:
Code:
Step 2:
Now Amount after 3 years = 1 * 1000 + 3 * 100 + 3 * 10 + 1 * 1 = Rs.1331/-
The co-efficients - 1,3,3,1 are lifted from the pascal's triangle above.
Step 3:
CI after 3 years = 3*100 + 3*10 + 3*1 = Rs.331/- (leaving out first term in step 2)
SI Questions
Q. A certain sum of money at certain rate of interest becomes Rs 3420 after 2 years and
at same rate after two and a half years becomes Rs 3525. Find the rate percent per
annum.
A) 8.5%
B) 8%
C) 7%
D) 10%
E) 11%
C) 7% Explanation:
P + 2*SI = 3420
So P = 3420 2*210 = 3000
So 3000*r*2/100 = 420
Q. Rs 1200 becomes Rs 1632 after 4 years. If the rate of interest is increased by 2%,
what will be the amount then?
A) Rs 1,890
B) Rs 1,844
C) Rs 1,756
D) Rs 1,728
E) None of these
D) Rs 1,728 Explanation:
Answer b) 50/19 %
Explanation :
Total money paid by rakesh = 3000 + 2500 = 5500 so total interest paid by rakesh is 500.
For the first three years 5000 will be the principal , then he returns rupees 3000 so fir the next
2 years 2000 will be principal.
500 = 5000*(r/100)*3 + 2000*(r/100)*2, u will get r = 50/19%
Q. A person makes a fixed deposit of Rs. 20000 in Bank of India for 3 years. If the rate
of interest be 13% SI per annum charged half yearly. What amount will he get after 42
months?
A. 29100
B. 28100
C. 27100
D. 26100
Answer & Explanation
A. 29100
Explanation:
R=13%, T= 42 months
For half year
R=13/2, T= (42/12)*2= 7 half-years
SI= (20000*7*6.5/100) = 9100
A= P+SI = 20000+9100=29100
CI Questions
Q. What annual payment will discharge a debt of 1025 due in 2 years at the rate of 5%
compound interest?
A)550
B)551.25
C)560
D)560.35
E)None of these
Answer B) 551.25
Explanation :
Q. The difference SI and CI on Rs.1000 for 1 year at 10%per annum reckoned Half yearly is
A)2
B)2.5
C)3
D)2.4
E)None of these
Ans. 2.5
Q. Rs 6000 becomes Rs 7200 in 3 years at a certain rate of compound interest. What will
be the amount received after 9 years?
A) Rs 11,498
B) Rs 10,352
C) Rs 9,368
D) Rs 10,368
E) None of these
Q. A man borrows 10000 rupees at 20 % compound interest for 3 years. If every year he
pays 2000 rupees as repayment. How much amount is still left to be paid by the man?
a) 5000
b) 7000
c) 9000
d) 10000
e) None of these
In efficiency method the Work is not treated in numerical value, Like in Conventional method
the work is 1 but here the work is treated as percentage.
If a container contains x units of liquid from which y units are taken out and replaced by water, after
n operations, the quantity of pure liquid:-
x * {(1-y/x)^n}
Q1. Wheat worth Rs 30 per kg and Rs 42 per kg are mixed with a third variety of wheat in the ratio
1 : 1 : 2 respectively. The mixture is worth Rs 42 per kg. Find the price (per kg) of the third variety
of wheat.
A) Rs 58
B) Rs 48
C) Rs 62
D) Rs 50
E) None of these
Q2. A mixture contains A and B in the ratio 5 : 9. 14 litres of this mixture is taken out
and 14 litres of B is poured in. Now the ratio of A to B becomes 2 : 5. Find the amount
of B originally present in the mixture.
A) 25 litres
B) 45 litres
C) 55 litres
D) 40 litres
E) 35 litres
Q3. An article is bought for Rs 560. Some of the part is sold at 20% profit and
remaining at 15% loss giving a total of 10% profit. Find the cost price of part sold at
20% profit.
A) Rs 350
B) Rs 385
C) Rs 400
D) Rs 430
E) Rs 225
Answer D.56
9-1
C 4-1 = 8 C 3 = 8*7*6/3*2*1 = 56
In how many ways can 3 prizes be given away to 12 students when each student is eligible for all
the prizes ?
A.1234
B.1728
C.5314
D.1331
E.None of these
Answer B.1728
Explanation :
12^3 = 1728