Aptitude and Reasoning Questions

Q:

In a certain store, the profit is 320% 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) 60% B) 50%
C) 70% D) 45%
 
Answer & Explanation Answer: C) 70%

Explanation:

Let C.P.= Rs. 100.
Then, Profit = Rs. 320,
S.P. = Rs. 420.

New C.P. = 125% of Rs. 100 = Rs. 125
New S.P. = Rs. 420.

Profit = Rs. (420 - 125) = Rs. 295

Required percentage = (295/420) * 100
= 70%(approx)

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Filed Under: Profit and Loss
Exam Prep: AIEEE , Bank Exams , CAT
Job Role: Bank Clerk

2 4826
Q:

Three of the following four are alike in a certain way and hence form a group. Which is the one that does not belong to that group?

A) EBA B) XUT
C) TQP D) JFE
 
Answer & Explanation Answer: D) JFE

Explanation:

In all other groups, the third and second letters are consecutive and first letter is three steps ahead of the second.

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43 4822
Q:

A 200 m long train passes a motorcycler, running in the same direction at 12 km/hr, in 15 second and a jeep travelling in the same direction in 20 s. At what speed is the car travelling (length of both the motorcycler and jeep is negligible)?

A) 36 kmph B) 32 kmph
C) 29 kmph D) 24 kmph
 
Answer & Explanation Answer: D) 24 kmph

Explanation:

Let the speed of the train be 'S' kmph

From the given data,

Distance = Length of train = D = 200 mts = 200 x 18/5 kms

Time = 10 sec

given speed of the motorcycler = 12 kmph

Relative speed as they are moving in the same direction = (S - 12) kmph

(S- 12) = 200 x 18515S - 12 = 48S = 60 kmph 

Hence, the speed of the train = S = 60 kmph

Now,

Let the speed of the jeep be 'x' kmph

60 - x = 200 x 1852060 - x = 36x = 60 - 36x = 24 kmph

 

Therefore, the speed of the jeep = x = 24 kmph.

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Filed Under: Time and Distance
Exam Prep: AIEEE , Bank Exams , CAT , GATE
Job Role: Analyst , Bank Clerk , Bank PO

10 4821
Q:

A merchant receives an invoice for a motor boat for $20 000 with terms 4/30, n/100. What is the highest simple interest rate at which he can afford to borrow money in order to take advantage of the discount?

A) 247.67 B) 237.67
C) 227.67 D) 215.67
 
Answer & Explanation Answer: A) 247.67

Explanation:

Suppose the merchant will take advantage of the cash discount of 4% of $20 000 = $800 by paying the bill within 30 days from the date of invoice. He needs to borrow $20 000 = $800 = $19 200. He would borrow this money on day 30 and repay it on day 100 (the day the original invoice is due) resulting in a 70-day loan. The interest he should be willing to pay on borrowed money should not exceed the cash discount $800.

 

r=I/pt=21.73%

 

The highest simple interest rate at which the merchant can afford to borrow money is 21.73%. This is a break-even rate. If he can borrow money, say at a rate of 15%, he should do so. He would borrow $19 200 for 70 days at 15%. Maturity value of the loan is $19 200(1+0.15(70/365))=$19 752.33

 

savings would be $20 000 − $19 752.33 = $247.67

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Filed Under: Simple Interest
Exam Prep: Bank Exams
Job Role: Bank PO

1 4817
Q:

Δ DEF and Δ GHI are similar triangles. Length of AB is 10 cm and length of the corresponding side DE is 6 cm. What is the ratio of Perimeter of ΔABC to ΔDEF?

A) 5:3 B) 3:5
C) 25:9 D) 9:25
 
Answer & Explanation Answer: A) 5:3

Explanation:
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Filed Under: Volume and Surface Area
Exam Prep: Bank Exams

0 4816
Q:

Rishi bought 30 kg of sugar at the rate of Rs. 9 per kg and 45 kg of sugar at the rate of Rs. 10 per kg. He mixed both type of sugar and sold the mixture at the rate of Rs. 9.75 per kg. What was his gain or loss in the selling of whole sugar?

A) Rs. 10.75 B) Rs. 11.25
C) Rs. 12 D) Rs. 13.50
 
Answer & Explanation Answer: B) Rs. 11.25

Explanation:

Total quantity of sugar = 45 + 30 = 75

Gain or loss can be calculated as

9.75 x 75 - (30 x 9 + 45 x 10)

= 731.25 - 720

= 11.25

 

Hence, in the overall transaction, Rishi got Rs. 11.25 gain.

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Filed Under: Profit and Loss
Exam Prep: AIEEE , Bank Exams , CAT , GATE
Job Role: Analyst , Bank Clerk , Bank PO

7 4816
Q:

Choose the pair in which the words are differently related?

A) Man : Garage B) Cow : Shed
C) Pig : Sty D) Horse : Stable
 
Answer & Explanation Answer: A) Man : Garage

Explanation:

In all other pairs, second is the place of stay of the first.

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27 4812
Q:

What periodic payment will an investor receive from a $9000, four-year, monthly payment GIC earning a nominal rate of 5.25% compounded monthly?

A) 29.38 B) 39.38
C) 49.38 D) 59.38
 
Answer & Explanation Answer: B) 39.38

Explanation:

i=j/m

The monthly payment will be=PV*I

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Filed Under: Compound Interest
Exam Prep: Bank Exams
Job Role: Bank PO

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