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**ganesh****Moderator**- Registered: 2005-06-28
- Posts: 19,187

IPL # 1

A machine is sold at a profit of 10%. Had it been sold for $40 less, a loss of 10% would have been incurred. What is the Cost Price of the machine?

It is no good to try to stop knowledge from going forward. Ignorance is never better than knowledge - Enrico Fermi.

Nothing is better than reading and gaining more and more knowledge - Stephen William Hawking.

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**ashwil****Member**- Registered: 2006-02-27
- Posts: 121

Depends on your method of calculating profit margin. Most sales organisations calculate on selling price, not on cost price. Hence,

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**ganesh****Moderator**- Registered: 2005-06-28
- Posts: 19,187

Correct, ashwil.

I had the obvious answer in my mind.

It is no good to try to stop knowledge from going forward. Ignorance is never better than knowledge - Enrico Fermi.

Nothing is better than reading and gaining more and more knowledge - Stephen William Hawking.

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**ganesh****Moderator**- Registered: 2005-06-28
- Posts: 19,187

IPL # 2

How long will it take for a sum of money to grow from $1250 to $10,000, if it is invested at 12.5% p.a simple interest?

It is no good to try to stop knowledge from going forward. Ignorance is never better than knowledge - Enrico Fermi.

Nothing is better than reading and gaining more and more knowledge - Stephen William Hawking.

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**ganesh****Moderator**- Registered: 2005-06-28
- Posts: 19,187

IPL # 3

If the compound intrerest on a certain sum for 2 years at 10% per annum compounded annually is $ 2,100, what will be the simple interest on it at the same rate for 2 years?

Nothing is better than reading and gaining more and more knowledge - Stephen William Hawking.

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**ganesh****Moderator**- Registered: 2005-06-28
- Posts: 19,187

IPL # 4

A man buys 5 horses and 10 cows for $ 1,600. He sells horses at a profit of 15% and cows at a loss of 10%. If his total profit was $90, what was the cost price of a horse and a cow?

Nothing is better than reading and gaining more and more knowledge - Stephen William Hawking.

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**All_Is_Number****Member**- Registered: 2006-07-10
- Posts: 258

ganesh wrote:

IPL # 2

How long will it take for a sum of money to grow from $1250 to $10,000, if it is invested at 12.5% p.a simple interest?

*You can shear a sheep many times but skin him only once.*

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**All_Is_Number****Member**- Registered: 2006-07-10
- Posts: 258

ganesh wrote:

IPL # 3

If the compound intrerest on a certain sum for 2 years at 10% per annum compounded annually is $ 2,100, what will be the simple interest on it at the same rate for 2 years?

*You can shear a sheep many times but skin him only once.*

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**All_Is_Number****Member**- Registered: 2006-07-10
- Posts: 258

ganesh wrote:

IPL # 4

A man buys 5 horses and 10 cows for $ 1,600. He sells horses at a profit of 15% and cows at a loss of 10%. If his total profit was $90, what was the cost price of a horse and a cow?

*You can shear a sheep many times but skin him only once.*

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