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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 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:

The cost price of 40 Magazines is the same as the selling price of 'P' articles. If the profit is 25%, then the value of 'P' is:

A) 32 B) 40
C) 16 D) 30
 
Answer & Explanation Answer: A) 32

Explanation:

Let C.P. of each Magazine be Rs. 1

C.P. of P articles = Rs. P. 

S.P. of P articles = Rs. 40.

 

Profit = Rs. (40 - P)

 

Now, Gain% = ProfitC.P×100 = 40-PP×100 

 

Here 40-PP×100= 25

-->P = 32.

 

 

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Filed Under: Profit and Loss
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Q:

In the question below consists of a question and two statements numbered a and b given below it. You have to decide whether the data provided in the statements are sufficient to answer the question. Read both the statements and give the answer.

Question: How is Vinitha related to Ragini ?
Statements:
a. Vinitha's husband is the only son of Ragini's mother.
b. Vinitha's brother and Ragini's husband are cousins.

A) Neither a nor b is sufficient B) Either a or b is sufficient
C) Both a & b are sufficient D) a alone is sufficient while b alone is not sufficient
 
Answer & Explanation Answer: B) Either a or b is sufficient

Explanation:

From a, we conclude that Vinitha is the wife of Ragini's mother's only son i.e. Ragini's brother. Thus, Vinitha is Ragini's sister-in-law.

From b, we conclude that Vinitha is the cousin of Ragini's husband, which implies that Vinitha is Ragini's sister-in-law.

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Filed Under: Statement and Conclusions
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Q:

In the question below consists of a question and two statements numbered a and b given below it. You have to decide whether the data provided in the statements are sufficient to answer the question. Read both the statements and give the answer.

Question: In which year was Kalyan born ?
Statements:
a. Kalyan at present is 15 years younger to his mother.
b. Kalyan's brother, who was born in 1991, is 25 years younger to his mother.

 

A) b alone is sufficient while a alone is not sufficient B) a alone is sufficient while b alone is not sufficient
C) Both a and b are sufficient D) Neither a nor b is sufficient
 
Answer & Explanation Answer: C) Both a and b are sufficient

Explanation:

From both a and b, we find that Kalyan is (25 - 15) = 10 years older than his brother, who was born in 1991. So, Kalyan was born in 1981.

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Filed Under: Statement and Conclusions
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Q:

Statement: Huge amount of resources are required to develop tourist places in a country like India, which is endowed with vast coastlines, rivers, forests, temples etc.
Courses of action:
a. More tourist resorts along the coastlines only should be started.
b. The tourist potential of India should be exploited.

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

Explanation:

As in the given statement, India is already endowed with tourist spots. Therefore, the existing potential should be exploited.

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Filed Under: Statement and Courses of Action
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Q:

Statement: The air and rail services have been severely disrupted due to thick fog in the northern part of the country.
Courses of action:
a. The rail and air services should be temporarily suspended in the region.
b. People should be advised to make their travel plan keeping in mind the probable disruption resulting in delay or cancellation of services.
c. The government should immediately install modern machines which will enable itto guide the rail and air services even if the thick fog develops.

A) Only a follows B) a and b follows
C) Only b follows D) a, b & c follows
 
Answer & Explanation Answer: D) a, b & c follows

Explanation:

Keeping in mind the safety and convenience of passengers, both 'a' and 'b' follow. 'c' clearly suggests a remedy to the problem and hence it also follows.

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