- Question
Aahaana and Bianca start a new business in profit sharing ratio of 60:40. Aahaana is to put in Rs. 1,00,000/- as the initial investment and Bianca
was to take care of each client @ Rs. 400/- per client. If they can take a maximum of only up to 500 clients in the first year and Aahaana wants to recover her investment in the first year itself, then what shall be the minimum number of clients that the two partners need to get, for the business to get profitable, provided that each client needs to pay Rs. 2,000/- for the product that Aahaana and Bianca plan to sell ?
a)79
b)63
c)64
d)68
e)61
Explanation
SOLUTION[63]B
Question-2
A shopkeeper sells two tables, each procured at cost price p, to Asif and Arif at a profit of 20% and at a loss of 20%, respectively
Asif sells his table to Adil at a profit of 30%, while Arif sells his table to Alif at a loss of 30%. If the amounts paid by Adil and Alif are x and y, respectively, then (x -y) / p equals to:
a)1.0
b)0.8
c)0.7
d)1.1
e)1.2
Explanation
SOLUTION[A]-1.0
1. Initial Purchase by Shopkeeper:
The shopkeeper procures each table at the cost price p.
2. Profit and Loss for Asif and Arif:
Asif buys a table from the shopkeeper at a 20% profit. So, he pays 1.2p for each table.
Arif buys a table from the shopkeeper at a 20% loss. So, he pays 0.8p for each table.
3. Sale by Asif and Arif:
Asif sells his table to Adil at a 30% profit. So, Adil pays 1.3 × 1.2p = 1.56p for the table.
Arif sells his table to Alif at a 30% loss. So, Alif pays 0.7 x 0.8p = 0.56p for the table.
4. Amounts Paid by Adil and Alif:
Amount paid by Adil, denoted as x, is 1.56p.
Amount paid by Alif, denoted as y, is 0.56p.
5. Calculate (x – y)/р:
(x – y) / p = ((1.56p – 0.56p)/p) = (1.56p – 0.56p)/p = (1p)/p = 1
