5
Q:

A, B, C rent a pasture. A puts 10 oxen for 7 months, B puts 12 oxen for 5 months and C puts 15 oxen for 3 months for grazing. If the rent of the pasture is Rs. 175, how much must C pay as his share of rent?

A) Rs. 45 B) Rs. 50
C) Rs. 55 D) Rs. 60

Answer:   A) Rs. 45

Explanation:

A:B:C = (10×7):(12×5):(15×3)

         = 70 :60 :45

         = 14 :12 :9

 

C's rent = Rs.(175×9/35)

            =Rs. 45.

Q:

What is the difference in the shares of profit between P and Q in a joint business at the end of one year ?

a. P Invested Rs. 80,000 and withdrew Rs. 20,000 after 6 months.

b. Q joined four months after the start of business.

c. Q's amount was 80% of P's amount during the last six months.

A) Only a B) Only c
C) Both a & b D) Data is not sufficient
 
Answer & Explanation Answer: D) Data is not sufficient

Explanation:

a. P's investment = (80000 x 6 + 60000 x 6) = 840000 for 1 month.

b & c. Q's investment = 80% of Rs. 60000 for 8 months.

= Rs.(48000 x 8) for 1 month = 384000 for 1 month

P : Q = 840000 : 384000 = 35 : 16.

But, the total profit is not given, so data is inadequate.

Report Error

View Answer Workspace Report Error Discuss

1 6
Q:

Three friends, P, Q and R started a partnership business investing money in the ratio of 5 : 4 : 2 respectively for a period of 3 years. What is the amount received by P as his share in the total profit ?

a. Total amount invested in the business in Rs. 22,000.

b. Profit earned at the end of 3 years is 3/8 of the total investment.

c. The average amount of profit earned per year is Rs. 2750.

A) Only c is sufficient B) Both a & b are sufficient
C) Both A & B gives result D) None
 
Answer & Explanation Answer: C) Both A & B gives result

Explanation:

a and b give, profit after 3 years = Rs.(3/8 x 22000) = Rs.8250.

From c also, profit after 3 years = Rs. (2750 x 3) = Rs. 8250.

∴ P's share = Rs.(8250 x 5/11) = Rs. 3750.

Thus, (either C is redundant) or (a and b are redundant).

Report Error

View Answer Workspace Report Error Discuss

1 6
Q:

Rs. 50000 is divided into two parts One part is given to a person with 10% interest and another part is given to a person with 20 % interest. At the end of first year he gets profit 7000 Find money given by 10% ?

A) Rs. 20,000 B) Rs. 10,000
C) Rs. 30,000 D) Rs. 40,000
 
Answer & Explanation Answer: C) Rs. 30,000

Explanation:

Let first part is 'K' and second part is 'L'
then K + L = 50000---------eq1
Total profit = profit on x + profit on y
7000 = (K x 10 x 1)/100 + (L x 20 x 1)/100
70000 = K + 2L-----------------------------------eq2
70000 = 50000 + L
so L = 20000 then K = 50000 - 20000 = 30000
first part on 10% is = Rs.30000

Report Error

View Answer Workspace Report Error Discuss

1 16
Q:

Ravi and Ramu are partners in a business.Ravi contributes 1/6 of the capital for 16 months and Ramu received 2/3 of the profit. For how long Ramu's money was used ?

A) 11 months B) 10 months
C) 9 months D) 8 months
 
Answer & Explanation Answer: D) 8 months

Explanation:

Let the total Profit be Z.
Ramu's profit share is 2/3 of profit (i.e 2Z/3)
Ravi's profit is (Z-2Z/3) =Z/3
Hence the profit ratio is , Ravi : Ramu = Z/3 : 2Z/3 = 1:2

Let total Capital be Rs.X and Ramu has contributed for Y months.Since Ramu's profit share is 2/3, his invest share will be 2/3 in capital.

Ravi's invest for 16 months / Ramu's invest for Y months = Ravi's profit share / Ramu's profit share
i.e. (X/6 x 16) / (2X/3 x Y) = 1/2

Solving the above equation, we get Y = 8.
So Ramu's money has been used for 8 months.

Report Error

View Answer Workspace Report Error Discuss

1 45
Q:

Three friends had dinner at a restaurant. When the bill was received, Akshitha paid 2/3 as much as Veena paid and Veena paid 1/2 as much as Lasya paid. What fraction of the bill did Veena pay ?

A) 11/3 B) 2/13
C) 3/11 D) 13/4
 
Answer & Explanation Answer: C) 3/11

Explanation:

Let Veena paid x,
so Akshitha paid 2x/3 , and Lasya paid 2x,
So total bill paid is given by
x+(2x/3) +2x = 1, we get
i.e. x = 3/11

Report Error

View Answer Workspace Report Error Discuss

2 122