GATE Practice Question and Answer
8Q: 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: 2061 05b5cc76ae4d2b4197774fe4a
5b5cc76ae4d2b4197774fe4a- 125%false
- 221.14%false
- 322.54%true
- 427.32%false
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Answer : 3. "22.54%"
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%.
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 ? 1442 05b5cc767e4d2b4197774fe45
5b5cc767e4d2b4197774fe45- 161%true
- 275%false
- 355%false
- 481%false
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Answer : 1. "61%"
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%
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. 1223 05b5cc767e4d2b4197774fe3b
5b5cc767e4d2b4197774fe3b- 1Only a followsfalse
- 2Both a & b followstrue
- 3Only b followsfalse
- 4Neither a nor b followsfalse
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Answer : 2. "Both a & b follows"
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.
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 ? 4203 05b5cc767e4d2b4197774fe36
5b5cc767e4d2b4197774fe36- 1Rs. 5422false
- 2Rs. 5489false
- 3Rs. 4511true
- 4Rs. 6145false
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Answer : 3. "Rs. 4511"
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
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 ? 1172 05b5cc767e4d2b4197774fe2c
5b5cc767e4d2b4197774fe2c- 18 monthstrue
- 26 monthsfalse
- 37 monthsfalse
- 49 monthsfalse
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Answer : 1. "8 months"
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.
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. 1217 05b5cc767e4d2b4197774fe31
5b5cc767e4d2b4197774fe31- 1Only a is sufficientfalse
- 2Neither a nor b is sufficientfalse
- 3Only b is sufficientfalse
- 4Both a and b sufficienttrue
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Answer : 4. "Both a and b sufficient"
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.
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. 1543 05b5cc767e4d2b4197774fe27
5b5cc767e4d2b4197774fe27- 17 monthsfalse
- 28 monthsfalse
- 33 monthsfalse
- 44 monthstrue
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Answer : 4. "4 months"
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.
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? 1326 05b5cc767e4d2b4197774fe22
5b5cc767e4d2b4197774fe22- 1Rs. 13,204false
- 2Rs. 14,521false
- 3Rs. 12,800true
- 4Rs. 15,000false
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Answer : 3. "Rs. 12,800"
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.