Quantitative Aptitude - Arithmetic Ability Questions

Q:

Two payments of $10,000 each must be made one year and four years from now. If money can earn 9% compounded monthly, what single payment two years from now would be equivalent to the two scheduled payments?

A) 19296 B) 19396
C) 19496 D) 19596
 
Answer & Explanation Answer: A) 19296

Explanation:

The single equivalent payment will be PV + FV.
FV = Future value of $10,000, 12 months later
 $10,000 *(1.0075)/12
 $10,938.07
PV=  Present value of $10,000, 24 months earlier
 $10,000/(1.0075)24
 $8358.31
The equivalent single payment is
$10,938.07 + $8358.31 = $19,296.38

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Filed Under: Compound Interest
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2 5621
Q:

Marked price of an article is 1600 Rs. more than the cost price. When the same article is sold at a discount of Rs. 500 then the percent profit earned is 25%. For earning a profit of 30%, the article should be sold at what price?

A) 5740 B) 5720
C) 5620 D) 5730
 
Answer & Explanation Answer: B) 5720

Explanation:

Ans. B.
According to the question ,
Marked Price = 1600 + Cost price - (i)
MP – 500 = 125/100 * CP - (ii)
MP = 5/4 CP + 500 - (ii)
4MP = 5CP + 2000 -(ii)
Solving (i) and (ii)
Cost Price = 4400
Now , the selling price
= 130/100 * 4400
= 5720

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Filed Under: Profit and Loss
Exam Prep: AIEEE , Bank Exams , GATE

1 5617
Q:

M, N and O can complete the work in 18, 36 and 54 days respectively. M started the work and worked for 8 days, then N and O joined him and they all worked together for some days. M left the job one day before completion of work. For how many days they all worked together?

A) 4 B) 5
C) 3 D) 6
 
Answer & Explanation Answer: B) 5

Explanation:

Let M, N and O worked together for x days.

From the given data,
M alone worked for 8 days
M,N,O worked for x days
N, O worked for 1 day

But given that
M alone can complete the work in 18 days
N alone can complete the work in 36 days
O alone can complete the work in 54 days

The total work can be the LCM of 18, 6, 54 = 108 units

M's 1 day work = 108/18 = 6 units
N's 1 day work = 108/36 = 3 units
O's 1 day work = 108/54 = 2 units

Now, the equation is
8 x 6 + 11x + 5 x 1 = 108
48 + 11x + 5 = 108
11x = 103 - 48
11x = 55
x = 5 days.

Hence, all M,N and O together worked for 5 days.

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Filed Under: Time and Work
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3 5615
Q:

A rectangular field is to be fenced on three sides leaving a side of 20 feet uncovered. If the area of the field is 680 sq. feet, how many feet of fencing will be required?

A) 34 B) 40
C) 68 D) 88
 
Answer & Explanation Answer: D) 88

Explanation:

We have: l = 20 ft and lb = 680 sq. ft.

So, b = 34 ft.

Length of fencing = (l + 2b) = (20 + 68) ft = 88 ft.

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2 5610
Q:

Selling price of a cellphone is increased by 20%. For this sale is decreased by 30%. Find the effect of total sales?

A) 16% B) 14.5%
C) 12% D) 10.5%
 
Answer & Explanation Answer: A) 16%

Explanation:

Let cost of each cell phone = Rs.100 & Sale = 100 phones.

Money receipt = Rs.(100 x 100) = Rs.10,000

New cost per cellphone = Rs.120 and New sale = 70 phones

New Money Receipt = Rs.(70 x 120) = Rs.8400

Then the effect of sales = decrease in money receipt = 

160010000 x 100 = 16%.

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Filed Under: Profit and Loss
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14 5603
Q:

Watson bought a book for Rs. 240 and sold to Johny at a profit  of 50%. Johny wants to sell this book to Shekar so that he earns a profit of 25%. But Shekar is adamant at buying this book at a discount of 10%. What marked price should Johny quote to Shekar so as to achieve desired profit ?

A) Rs. 450 B) Rs. 360
C) Rs. 415 D) Rs. 500
 
Answer & Explanation Answer: D) Rs. 500

Explanation:

Watson bought the book for Rs. 240 and sold to Johny at a profit of 50%.

S.P = C.P(1 + P%/100)

=> S.P for Watson = C.P for Johny = 240(1 + 50/100) = 240 x 1.5 = Rs. 360

Let Johny quoted the marked price of the book as Rs. M

We know, SP = M.P(1 - Discount(%)/100)

Here discount = 10% to Shekar,

S.P for Johny = M(1 - 10/100) = 0.9M

But Johny want to earn 25% profit,

=> S.P = C.P(1 + P%/100)

=> 0.9M = 360(1 + 25/100)

=> M = (360x1.25)/0.9

=> M = Rs. 500

Therefore, Johny should quote Rs. 500 as the marked price of the book to get 25% profit and allowing 10% discount to Shekar.

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7 5602
Q:

A flagstaff 17.5 m high casts a shadow of length 40.25 m. What will be the height of a building, which casts a shadow of length 28.75 m under similar conditions ?  

A) 14 cm B) 13.5 cm
C) 12.5 cm D) 11.4 cm
 
Answer & Explanation Answer: C) 12.5 cm

Explanation:

Let the required height of the building be x meter

More shadow length, More height(direct proportion)

Hence we can write as

(shadow length) 40.25 : 28.75 :: 17.5 : x
⇒ 40.25 × x = 28.75 × 17.5
⇒ x = 28.75 × 17.5/40.25
= 2875 × 175/40250
= 2875 × 7/1610
= 2875/230
= 575/46
= 12.5 cm

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Filed Under: Height and Distance
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17 5602
Q:

The difference of two numbers is 1365. On dividing the larger number by the smaller, we get 6 as quotient and 15 as remainder. What is the smaller number  ?

A) 270 B) 1270
C) 350 D) 720
 
Answer & Explanation Answer: A) 270

Explanation:

Let the smallest number be x.
Then larger number = (x + 1365)
x + 1365 = 6x + 15
= 5x = 1350
x = 270
Smaller number = 270.

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Filed Under: Problems on Numbers
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6 5596