Time & Work

 TIME AND WORK In these problems the number of persons, quantity of work done and time taken are important factors. Also time taken by a person depends on the efficiency of that person which comes into picture when different people do the work such as women, children do the work … Read more Time & Work

Discounts

 Discount   The discount is referred to the reduction in the price of some commodity or service. It may anywhere appear in the distribution channel in the form of modifications in marked price (printed on the item) or in retail price (set by retailer usually by pasting a sticker on the item) or in list price (quoted for the buyer). The discount … Read more Discounts

Median

 Median Median is the middle number in a sorted list of numbers. To determine the median value in a sequence of numbers, the numbers must first be arranged in value order from lowest to highest. If there is an odd amount of numbers, the median value is the number that is in the … Read more Median

Banking

 Commercial mathematics Banking Banking can be defined literarily as the business activity of accepting and safeguarding money owned by individuals and entities and release of the money whenever the needs arise by the owner. It is the business of managing money and where money is involved everything must be carefully assessed, valued and … Read more Banking

Age Problems

 Age Problems   Important Formulas on “Problems on Ages”:   1. If the current age is x, then n times the age is nx. 2. If the current age is x, then age n years later/hence = x + n. 3. If the current age is x, then age n years ago = x – n. 4. The ages in a ratio a : b will be ax and bx. 5. If the current age is x, … Read more Age Problems