1. Ronit invests Rs. 40,000/- in a car wash center and starts a business. After 4 months, Ram joins the business with an investment of Rs.50,000. At the end of the year, they make a profit of Rs. 1,87,000/-. What will be Ram's share in this profit?
A. Rs. 38800
B. Rs. 64666.67
C. Rs. 85000
D. Rs. 97000
Answer: Option C
Explanation:
Ratio of Investment x Time = Ratio of Profit
∴ (A's investment x Time) : (B's investment x Time) = Profit of A : Profit of B
∴ (Ronit's Investment x Time) : (Ram's Investment x Time) = Ronit's Profit : Ram's Profit
∴ 40000 x 12 : 50000 x 8 = Ronit's Profit : Ram's Profit
∴ Ronit's Profit : Ram's Profit = 4,80,000 : 4,00,000 = 6:5
∴ Ram's Profit = [latex]\frac {5}{11}[/latex]x 187000 = Rs. 85000
2. Ram saves Rs 3395/- from his salary. He needs to pay this money as milk bill, electricity bill and mobile phone bill in the ratio 42: 32: 23. Find the money to be paid for each bill.
A. Rs 1245/-, Rs 1150/- and Rs 1000/-
B. Rs 1470/-, Rs 1120/- and Rs 805/-
C. Rs 1550/-, Rs 1235/- and Rs 610/ -
D. Rs 1764/-, Rs 1022/- and Rs 529/-
Answer: Option B
Explanation:
Common factor helps in finding actual values easily
So, take 'A' as common factor.
∴ 3 numbers will now be 42A, 32A and 23A
∴ 42A + 32A + 23 A = 3395
∴ 97A = 3395
∴ A = 35
3 parts of 3395 are
42A = 42 x 35 = 1470;
32A = 32 x 35 = 1120
23A = 23 x 35 = 805
These are the amounts to be paid.
3. The two given numbers A and B are in the ratio 5:6 such that their LCM is 480. Find their HCF.
Answer: Option B
Explanation:
If A and B are two numbers,
A x B = HCF of A and B x LCM of A and B
Let K be a common factor. So 2 numbers are 5K and 6K
Also, K is the greatest common factor (HCF) as 5 and 6 have no other common factor
∴ 5K x 6K = 480 x K
K = 16 = HCF
4. The banker's discount of a certain sum of money is Rs. 72 and the true discount on the same sum for the same time are Rs. 60. The sum due is:
A. Rs. 360
B. Rs. 432
C. Rs. 540
D. Rs. 1080
Answer: Option A
Explanation:
Sum =[latex]\frac {B.D. \times T.D.}{B.D. - T.D.}[/latex]= Rs.[latex]\frac {72 \times 60}{72 - 60}[/latex] = Rs. [latex]\frac {72 \times 60}{12}[/latex] = Rs. 360.
5. A sum of Rs. 725 is lent at the beginning of a year at a certain rate of interest. After 8 months, a sum of Rs. 362.50 more is lent but at the rate twice the former. At the end of the year, Rs. 33.50 is earned as interest from both the loans. What was the original rate of interest?
A. 3.6%
B. 4.5%
C. 5%
D. 6%
E. None of these
Answer: Option E
Explanation:
Let the original rate be R%. Then, new rate = (2R)%.
Note:
Here, the original rate is for 1 year(s); the new rate is for only 4 months i.e. [latex]\frac {1}{3}[/latex] year(s).
([latex]\frac {725 \times R \times 1}{100}[/latex] ) + ([latex]\frac {362.50 \times 2R \times 1}{100 \times 3}[/latex]) = 33.50
(2175 + 725) R = 33.50 x 100 x 3
(2175 + 725) R = 10050
(2900)R = 10050
R = [latex]\frac {10050}{2900}[/latex] = 3.46
Original rate = 3.46%