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Q:

If the labour cost 20% of the cost of production and raw material cost 10% of the cost of production and the price on which article is sold is 20% above the cost of production. If the price of labour is increased by 40% and the price of raw material increased by 20% and rest other expenditure of cost remain constant. The industry thus decide to increase the selling price by 10%. Find the new profit percent  ?

A) 18% B) 20%
C) 22% D) 24%
 
Answer & Explanation Answer: B) 20%

Explanation:

Let the Cost of Production of the article = 100

Then, Labour Cost = 20

Raw Material = 10

Other Expenditure = 100 - 10 – 20 = 70

Selling Price of the article  = 120

After increasing Labour and Raw material cost by 40% & 20% respectively,

New Labour cost = 28

New Raw material cost = 12

New Cost of Production = 70 + 28 + 12 = 110

Then, New SP = 110% of 120 = 120 x 110/100 = 132

=> New Gain = 132 - 110 = 22

=> New Profit % = 22 x 100/110 = 20%

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Filed Under: Profit and Loss
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Q:

Rearrange the following sentences (A), (B), (C), (D), (E) and (F) in the proper sequence to form a meaningful paragraph.

(A) It causes a lot of physical problems especially for our eyes, body and mind.
(B) Such a lifestyle makes man lazy and excessively dependent on machines.
(C) Innovative products such as computers, laptops, mobile phones,
(D) Harmful radiation causes various terminal diseases.
(E) Technology has advanced rapidly and man cannot seem to live without it now.
(F) iPads have made things easier for us, but it also has its disadvantages.

Which of the following options is the correct arrangement ?

 

A) E C B A D F B) E C F A D B
C) D C B A E F D) D E B A C F
 
Answer & Explanation Answer: B) E C F A D B

Explanation:
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Filed Under: Logical Sequence of Words
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Q:

Which of the following software firm will acquire Brilliant Basics, Product Design and Customer Experience (CX) company ?

A) Infosys B) Nautics Technology
C) Google D) Source code software co.
 
Answer & Explanation Answer: A) Infosys

Explanation:
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Filed Under: General Awareness
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Q:

If two fractions, each of which has a value between 0 and 1, are multiplied together, the product will be :

A) always greater than either of the original fractions B) always less than either of the original fractions
C) sometimes greater and sometimes less than either of the original fractions D) remains the same
 
Answer & Explanation Answer: B) always less than either of the original fractions

Explanation:

We can easily Answer this by taking some values.

 

The question states that the two fractions, each have values between 0 and 1.

Let us say one of the fraction is 1/2 and the other fraction is 1/3 .

The product of the two fractions is 1/2 x 1/3 = 1/6 .
 is lesser than both 1/2  and 1/3 .

So, the correct answer is that the product is always less than either of the original fractions

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Filed Under: Decimal Fractions
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Q:

Which public sector bank has tied up with Tirumala Milk Products for providing loans to dairy farmers  ?

A) Axis Bank B) ICICI Bank
C) State Bank Of India D) HDFC Bank
 
Answer & Explanation Answer: C) State Bank Of India

Explanation:

The State Bank of India (SBI) has tied-up with Tirumala Milk Products to provide loans to dairy farmers who supply milk to the latter. As per the scheme for financing dairy units, SBI offers loans for construction of shed, and purchase of milch animals, milking machine, and chaff cutter. Apart from this, the bank also provides loans to dairy societies for modernisation and creation of infrastructure such as purchase of automatic milk collection system, purchase of transport vehicles and bulk chilling unit. The Tirumala Milk Products is a South- based company, which was acquired by France-based Groupe Lactalis in 2014.

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Filed Under: General Awareness
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Q:

Statement :

The byproducts obtained from animals such as hairs, skins, horns, etc. contain at least 45 per cent food protein. Indian scientists have developed methods to segregate 50 per cent of this protein. They have used an enzyme developed in Russia for destruction of soya-proteins.

Conclusions:

A. Indian scientists cannot develop enzymes.

B. If a suitable method involving less cost is developed then many more food protein would be obtained.

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

Explanation:

There is no indication that Indian scientists are incapable of developing enzymes. There could be any number of reasons why Indian scientists used Russian enzymes.

So conclusion A does not follow.

In addition, cost is not discussed in the passage at all. There is no mention of a correlation between cost and extraction of proteins.

Thus, conclusion B does not follow either.

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Filed Under: Statement and Conclusions
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Q:

There are four prime numbers written in ascending order of magnitude. The product of the first three is 385 and of the last three is 1001. Find the fourth number ?

A) 17 B) 19
C) 13 D) 11
 
Answer & Explanation Answer: C) 13

Explanation:

(385/1001) = 5/13

First Number is 5

=> Fourth number is 13 

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Filed Under: Problems on Numbers
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Q:

On multiplying a number by 7, the product is a number each of whose digits is 3. The smallest such number is  ?

A) 476190476 B) 48617
C) 47619 D) 4587962
 
Answer & Explanation Answer: C) 47619

Explanation:

By hit and trail, we find that

47619 x 7 = 333333.

7) 333333 (47619
    333333
----------------
        0

And 476190476 x 7 = 3333333333 but smallest number is 47619.

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Filed Under: Problems on Numbers
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