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Q:

Statement: There is a substantial increase in the number of accidents causing deaths and severe injuries due to malfunctioning of the traffic signals.
Course of action:
a. The traffic police should immediately post traffic personnel at the junctions.
b. The signal system should immediately be repaired or replaced.

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

Explanation:

Clearly, either the traffic signals should be made to function properly or traffic personnel should be deployed to guide vehicular movement in the right way. So either I or II follows.

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Q:

K and L start a business jointly. K invests Rs.16000 for 8 months and L remains in the business for 4 months. Out of the total profit L claims 2/7th share. How much money is contributed by L?

A) Rs. 13,204 B) Rs. 14,521
C) Rs. 12,800 D) Rs. 15,000
 
Answer & Explanation Answer: C) Rs. 12,800

Explanation:

Given share of L is 2/7 th of profit. Then, their profits are divided in to 5:2 ratio.

Ratio of K and L is


16000×8x×4=52


x = Rs. 12,800.

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Filed Under: Partnership
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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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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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Filed Under: Partnership
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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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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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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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Filed Under: Profit and Loss
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Q:

There are six persons 1, 2, 3, 4, 5 and 6. 3 is the sister of 6. 2 is the brother of 5's husband. 4 is the father of 1 and grandfather of 6. There are two fathers, three brothers and a mother in the group. Which of the following is a group of brothers ? 

A) 1, 2, 3 B) 3, 2, 6
C) 1, 2, 4 D) 1, 2, 6
 
Answer & Explanation Answer: D) 1, 2, 6

Explanation:

4 is father of 1 and grandfather of 6. So, 1 is father of 6. Thus, 4 and 1 are the two fathers.
3 is the sister of 6. So, 3 is the daughter of 1. Since there is only one mother, it is evident that 5 is the wife of 1 and hence the mother of  3 and 6. So, 2 is brother of 1. There are three brothers. So, 6 is the brother of 3. Hence, 2 and 1 are brothers. 6 is the brother of 3. So, three brothers are 1, 2, 6.

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Filed Under: Blood Relations
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