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Q:

Madhu started a business and he invested in 76000, After some month, Amar came to join with him and invest 57000.The end of the year the total profit was divided among them into ratio form 2 : 1.Find after how many months Amar join.

A) 7 months B) 8 months
C) 3 months D) 4 months
 
Answer & Explanation Answer: D) 4 months

Explanation:

we can assume that Amar join into business after x months. So Amar money was invest into  (12 – x ) months.

 

76000×1257000×(12-x)=21

 

--> 912000 = 114000 ( 12 – x ) = 114 ( 12 – x ) = 912

--> x = 4


After 4 months amar join the business.

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Filed Under: Partnership
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7 12280
Q:

A began a business with Rs. 85000. He was joined afterwards by B with Rs. 42,500. For how much perod does B join, if the profits at the end of the year are divided in the ratio of 3:1 ?

A) 8 months B) 6 months
C) 7 months D) 9 months
 
Answer & Explanation Answer: A) 8 months

Explanation:

Suppose B joined for x months.

Given profit is divided in the ratio 3:1. Then,

85000×1242500×x=31

 --> x = 8 months.

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Filed Under: Partnership
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6 5090
Q:

Ravi, Anand and Pranay are running a business firm in partnership. What is Anand's share in the profit earned by them?

a. Ravi, Anand and Pranay invested the amounts in the ratio of 2 : 4 : 7.

b. Pranay's share in the profit is Rs. 8750.

A) Only a is sufficient B) Neither a nor b is sufficient
C) Only b is sufficient D) Both a and b sufficient
 
Answer & Explanation Answer: D) Both a and b sufficient

Explanation:

Given Pranay's profit in the share is Rs. 8750

But given that their investments are in the ratio 2:4:7

713×P = 8750

P = 16250


Now Anand's share = 413×16250 = Rs.5000

Thus both staements a and b are sufficient to answer this question.

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3 4846
Q:

Karan started a business investing Rs 29000. After five months, Satish joined with a capital of Rs 18000. If at the end of the year, they earn a profit of Rs. 16970, then what will be the share of Satish in the profit ?

A) Rs. 5422 B) Rs. 5489
C) Rs. 4511 D) Rs. 6145
 
Answer & Explanation Answer: C) Rs. 4511

Explanation:

Now as per question, Karan invested for 12 months and Satish invested for 7 months.

So, Karan:Satish = (29000 x 12):(18000 x 7)

= 348:126

= 58:21

 

Satish Ratio in profit will be= 16970×2179 = Rs. 4511

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13 16394
Q:

Statement: People in Pratapgarh are not paying their telephone bills in spite of the various verbal warnings and remainders. It has now informed the subscribers through a notification that those who do not pay their bills by the due date will be charged penalty for every defaulting day.
Course of action:
a. Majority of people may pay their bills by the due date to avoid penalty.
b. People generally pay heed to such statutory notifications.

A) Only a follows B) Both a & b follows
C) Only b follows D) Neither a nor b follows
 
Answer & Explanation Answer: B) Both a & b follows

Explanation:

Enforcing a penalty will motivate people to pay the bills. So, course of action a follows.
It is general tendency to act accordingly when a penalty clause slapped. So, course of action b follows.

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Filed Under: Statement and Courses of Action
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2 1827
Q:

A shopkeeper sells two articles at Rs.1000 each, making a profit of 20% on the first article and a loss of 20% on the second article. Find the net profit or loss that he makes?

A) 2% B) 4%
C) 3% D) 2.5%
 
Answer & Explanation Answer: B) 4%

Explanation:

SP of first article = 1000

Profit = 20%

CP = 100100+P×SP= 5000/6 = 2500/3


SP of second article = 1000

Loss = 20%

CP = 100100-L×SP= 5000/4 = 1250


Total SP = 2000

Total CP = 25003+ 1250 = 6250/3

CP is more than SP, he makes a loss.

Loss = CP-SP = (6250/3)- 2000 = 250/3


Loss Percent =250362503×100= 4%

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Filed Under: Profit and Loss
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5 5095
Q:

In a certain Business, the profit is 220% of the cost. If the cost increases by 25% but the selling price remains constant, approximately what percentage of the selling price is the profit ?

A) 61% B) 75%
C) 55% D) 81%
 
Answer & Explanation Answer: A) 61%

Explanation:

Let C.P.= Rs. 100.

Then, Profit = Rs.220, 

S.P. = Rs.320.

 

New C.P. = 125% of Rs. 100 = Rs. 125 

New S.P. = Rs.320.

Profit = Rs. (320 - 125) = Rs. 195

 

Required percentage = 195320×100== 60.9 =~ 61%

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7 7915
Q:

A trader mixes 36 kg of rice at Rs. 20 per kg with 14 kg of rice of other variety at Rs. 36 per kg and sells the mixture at Rs. 30 per kg. His profit percent is:

A) 25% B) 21.14%
C) 22.54% D) 27.32%
 
Answer & Explanation Answer: C) 22.54%

Explanation:

C.P. of 50 kg rice = Rs. (36 x 20 + 14 x 36) = Rs. (720 + 504) = Rs.1224.  

S.P. of 56 kg rice = Rs. (50 x 30) = Rs.1500.

Profit = 1500 - 1224 = Rs.276 

 

Profit % = ProfitC.P×100  = 2761224×100 = 22.54%.

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