Q. A and B invest in a business with amounts of $30,000 and $45,000 respectively. If they make a profit of $15,000, how much profit does A receive?
A.$5,000
B.$6,000
C.$7,000
D.$8,000
Solution
The ratio of their investments is 30000:45000 = 2:3. A's share of the profit = 2/5 * 15000 = $6,000.
Correct Answer: B — $6,000
Q. A and B invest in a business with investments of $15,000 and $25,000 respectively. If the total profit is $20,000, how much does A receive?
A.$6,000
B.$8,000
C.$10,000
D.$12,000
Solution
Investment ratio = 15000:25000 = 3:5. A's share of profit = (3/8) * 20000 = $7,500.
Correct Answer: B — $8,000
Q. A and B start a business with investments of $12,000 and $18,000 respectively. If they make a profit of $9,000, how much will A receive?
A.$3,000
B.$4,000
C.$5,000
D.$6,000
Solution
The ratio of their investments is 12000:18000 = 2:3. A's share of the profit = 2/5 * 9000 = $3,600.
Correct Answer: B — $4,000
Q. A and B start a business with investments of $12,000 and $18,000 respectively. If they make a profit of $9,000, how much profit does A get?
A.$3,600
B.$4,000
C.$4,500
D.$5,400
Solution
Investment ratio = 12000:18000 = 2:3. A's share of profit = (2/5) * 9000 = $3,600.
Correct Answer: D — $5,400
Q. A and B started a business with investments of $10,000 and $15,000 respectively. What is the ratio of their profits after one year?
A.2:3
B.3:2
C.5:3
D.3:5
Solution
The ratio of their investments is 10000:15000 = 2:3. Therefore, the profit ratio is also 2:3.
Correct Answer: A — 2:3
Q. A bag contains 3 red balls and 2 blue balls. What is the probability of drawing a red ball?
A.0.3
B.0.4
C.0.6
D.0.5
Solution
The total number of balls is 3 + 2 = 5. The probability of drawing a red ball is 3/5 = 0.6.
Correct Answer: C — 0.6
Q. A bag contains 5 red balls and 3 blue balls. If the average weight of the red balls is 200 grams and the blue balls is 150 grams, what is the average weight of all the balls?
A.175
B.180
C.185
D.190
Solution
Total weight of red balls = 5 * 200 = 1000 grams. Total weight of blue balls = 3 * 150 = 450 grams. Total weight = 1000 + 450 = 1450 grams. Average weight = 1450 / 8 = 181.25.
Correct Answer: B — 180
Q. A bill of $1500 has a Banker's Discount of $45. What is the rate of interest for 6 months?
A.5%
B.6%
C.7%
D.8%
Solution
Rate = (BD x 100) / (Principal x Time) = (45 x 100) / (1500 x 6/12) = 6%
Correct Answer: A — 5%
Q. A bill of Rs. 10000 is discounted at 5% per annum for 1 year. What is the bankers' discount?