# New Pattern Data Interpretation Based on Profit and Loss for LIC AAO 2020, SBI PO 2019 and Download DI PDF for SBI Clerk, 2020, IBPS PO, IBPS RRB Scale 1, IBPS Clerk for Free at Smartkeeda

Directions : Study the following bar chart carefully and answer the questions given beside.

A shopkeeper sells five different types of articles. The chart represents the profit percent earned and the discount given in five different articles.

Important for :
1
If the cost price of article B and the article C are Rs. 2500 and Rs. 2400, respectively. Find the difference between the marked price of the article B and the marked price of the article C.
» Explain it
A
Selling price of article B = 110.4% of 2500 = Rs. 2760

Selling price of article C = 118% of 2400 = Rs. 2832

 Marked price of article B = 2760 × 100 = Rs. 3450 80

 Marked price of article C = 2832 × 100 = Rs. 3000 94.4

Required difference = Rs. (3450 – 3000) = Rs. 450

Hence, option A is correct.
2
If the marked price of the article E is Rs. 4800 then find the cost price of the article E.
» Explain it
D
Selling price of the article E = 44% of 4800 = Rs. 2112

 Cost price of the article E = 2112 ×100 = Rs. 1600 132

Hence, option D is correct.
3
If the selling price of the article A and the article D are Rs. 3132 and Rs. 1700, respectively then the marked price of the article D is what percent of the marked price of the article A?
» Explain it
B
 Marked price of article A = 3132 × 100 = Rs. 4000 78.3

 Marked price of article D = 1700 × 100 = Rs. 2000 85

 Reqd. % = 2000 × 100 = 50% 4000

Hence, option B is correct.
4
The discount given in the article A has been reduced by 6.7% and also the marked price of the article has been reduced by Rs. 400. If initially, the cost price of article A is Rs. 2320, then find the difference between the discount given earlier and the discount given after reducing the marked price.
» Explain it
A
Initially, the selling price of the article A = 135% of 2320 = Rs. 3132

Initially, the marked price of the article A

 = 3132 × 100 = Rs. 4000 78.3

Therefore, discount given initially = 4000 – 3132 = Rs. 868

New marked price of the article A = 4000 – 400 = Rs. 3600

New discount % = 21.7 – 6.7 = 15%

New discount = 15% of 3600 = Rs. 540

Required difference = Rs. (868 – 540) = Rs. 328

Hence, option A is correct.
5
What will be the ratio of the cost price of the article E and the cost price of the article C if the selling price of the article C and the selling price of the article E is Rs. 2124 and Rs. 1848, respectively?
» Explain it
C
 Cost price of the article C = 2124 × 100 = Rs. 1800 118

 Cost price of the article E = 1848 × 100 = Rs. 1400 132

Required ratio = 1400 : 1800 = 7 : 9

Hence, option C is correct.
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In this article we will discuss What is Data Interpretation, How its important for Bank and Insurance Exams.

What is Data Interpretation and how its useful for LIC AAO Pre, SBI PO Pre, IBPS PO Pre, IBPS RRB etc

In our day-to-day life, data is reported in the newspapers, on television, and in magazines. The data involves business, government, sports and many other topics. It is represented in an organized fashion, making it easy to interpret what you hear and read in the media. Those set of problems is being asked in different kind of form like Pie Chart di, Bar Chart di, Table Chart di, line chart di and info chart etc.

Now come back to the point data interpretation,  Data has to be well organized for it to be useful. This process of interpreting and analysing data to extract meaningful information from it is Data Interpretation. Solving Data Interpretation problems involves the use of basic formulas and manipulation of numbers.
Data Interpretation is calculation-intensive. It consists of a myriad of graphs, charts and tables form which you have to glean and analyse data. The key to cracking this area is to quickly identify the key pieces of data that you require to work on the questions asked.

Problems in Data interpretation are probably the closest in resemblance to the kind of problems you will be dealing with as a manager. They test your decision-making ability and speed using the minimum possible data. They help you to draw conclusions from collected data, support decision making, and contribute to better process, product, and quality models.

Data Sufficiency problems involve testing your quantitative concepts. They usually take the form of a logical puzzle. Instead of solving a data sufficiency problem, all you need to do is determine if the given information is enough to solve the problem. To solve Data Interpretation Questions & Answers for Banking and Insurance Exams like SBI, IBPS, NABARD & RBI Grade B, NIACL, and LIC, you need to brush up your calculation skills; you need to perform calculations faster and accurately than others. The difficult Data interpretations should be solved within 10-12 minutes. The DI of moderate level should not consume more than 7-9 minutes of the time and easy DI's should be finished within 3.5-4 minutes.

In these Data Interpretation Quizzes, you familiarized yourself with the key concepts and improved your problem-solving abilities. At Smartkeeda you will get Easy level data interpretation to High level data interpretation at low cost. Practice and tests are important to optimize your preparation. First take the quizzes regarding your exams and take full mock test at Testzone to improve your problem-solving skills. Questions that have appeared in the previous IBPS PO exams are also a part of these quizzes. Go through them you can understand where the focus lies in an examination environment. The detailed solutions of the questions may provide some alternate strategies that can help you improve your speed and accuracy.