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Q:

The income of a person is Rs 45000 and his expenditure is Rs 33000. If his income is increased by 22% and expenditure in increased by 11%, then what will be the percentage increase in his savings?

A) 11	B) 45.75
C) 22.15	D) 52.25

Answer & Explanation Answer: D) 52.25

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Filed Under: Percentage
Exam Prep: Bank Exams

Q:

U starts a business by investing Rs 45000 and V join him after one year with an amount of Rs 33000. After two years from the starting of business, they earned profit of Rs 16400. What will be the U’s share (in Rs) in the profit?

A) 11200	B) 9600
C) 10000	D) 12000

Answer & Explanation Answer: D) 12000

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Filed Under: Profit and Loss
Exam Prep: Bank Exams

Q:

A factory buys 8 machines. 3 MachineA, 4 MachineB and rest MachineC. Prices of the machines are Rs 45000, Rs 25000 and Rs 35000 respectively. Calculate the average cost (in Rs) of these machines?

A) 33750	B) 35000
C) 36250	D) 32250

Answer & Explanation Answer: A) 33750

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Filed Under: Average
Exam Prep: Bank Exams

Q:

A factory buys 7 machines. 2 MachineA, 4 MachineB and rest MachineC. Prices of the machines are Rs 56000, Rs 45000 and Rs 30000 respectively. Calculate the average cost of these machines.

A) 46000	B) 43666.66
C) 41333.33	D) 44500

Answer & Explanation Answer: A) 46000

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Filed Under: Average
Exam Prep: Bank Exams

Q:

If the average total cost are Rs 54, total fixed cost is Rs 45000 and quantity produced is 2500 units, find the average variable costs (in Rs) of the firm?

A) 24	B) 18
C) 36	D) 60

Answer & Explanation Answer: C) 36

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Filed Under: Indian Economy
Exam Prep: Bank Exams

Q:

If demand curve for house cleaning services is D = 45000 - 21P and supply curve is S = 15000 + 9P, find the equilibrium Quantity?

A) 12000 units	B) 6000 units
C) 24000 units	D) 30000 units

Answer & Explanation Answer: C) 24000 units

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Filed Under: Indian Economy
Exam Prep: Bank Exams

Q:

A and B enter into partnership. A supplies whole of the capital amounting to Rs. 45000 with the condition that the profits to be equally divided and that B pays A interest on half of the capital at 10% per annum, but receives Rs. 120 per month for carrying on the concern.Find their total yearly profit when B's income is one half of A's income.

Answer

Let the total profit be Rs. x

Amount paid to B as salary = (120 x 12)

= Rs.1440

Share of each = $\inline (\frac{x-1440}{2})$