Quiz 3

Question 1

Time: 00:00:01

The following line graph gives the percent profit earned by two Companies X and Y during the period 1996 - 2001.

Percentage profit earned by Two Companies X and Y over the Given Years,
%Profit = (Income - Expenditure)/Expenditure * 100

The incomes of two Companies X and Y in 2000 were in the ratio of 3:4 respectively. What was the respective ratio of their expenditures in 2000 ?

7 : 22

14 : 19

15:22

27:35

How to use PrepInsta Quiz

PrepInsta Explanation
User Explanation

Solution : Let the incomes in 2000 of Companies X and Y be 3x and 4x respectively.
And let the expenditures in 2000 of Companies X and Y be E1 and E2 respectively.
Then, for Company X we have:
65 = (3X-E1)/E1 ×100 ═> 65/100 = 3X/E1 - 1=> E1 = 3X × 100/165
Then, for Company Y we have:
50 = (4X-E2)/E2 ×100 ═>50/100=4X/E2 - 1 => E2 = 4X×100/150
Therefore E1/E2=(3×150)/(4×165)=15/22

Question 2

Time: 00:00:00

If the expenditure of Company Y in 1997 was Rs. 220 crores, what was its income in 1997?

Rs.312 crores

Rs.297 crores

Rs.302 crores

Rs.311 crores

How to use PrepInsta Quiz

PrepInsta Explanation
User Explanation

Profit percent of Company Y in 1997 = 35.
Let the income of Company Y in 1997 be Rs. x crores.
Then, 35 = (X-220)/220×100 => x=297

Question 3

Time: 00:00:00

If the expenditures of Company X and Y in 1996 were equal and the total income of the two Companies in 1996 was Rs. 342 crores, what was the total profit of the two Companies together in 1996 ? (Profit = Income - Expenditure)

Rs.240 crores

Rs.230 crores

Rs.102 crores

Rs.220 crores

How to use PrepInsta Quiz

PrepInsta Explanation
User Explanation

Let the expenditures of each company’s X and Y in 1996 be Rs. x crores.
And let the income of Company X in 1996 be Rs. z crores.
So that the income of Company Y in 1996 = Rs. (342 - z) crores.
Then, for Company X we have:
Then, for Company X we have:
40 = (Z-X)/X ×100 ═>40/100=Z/X-1=>X=100Z/140
Then, for Company Y we have:
45 = (342-z)/X ×100 ═>45/100=(342-Z)/X-1=>X
= ((342-z)×100)/145
Therefore z = 168 and x=120
Total expenditure of Companies X and Y in 1996 = 2x = Rs. 240 crores.
Total income of Companies X and Y in 1996 = Rs. 342 crores.
Total profit = Rs. (342 - 240) crores = Rs. 102 crores.

Question 4

Time: 00:00:00

The expenditure of Company X in the year 1998 was Rs.200 crores and the income of company X in 1998 was the same as its expenditure in 2001. The income of Company X in 2001
was ?

Rs.465 crores

Rs.445 crores

Rs 234 crores

Rs 123 crores

How to use PrepInsta Quiz

PrepInsta Explanation
User Explanation

Let the income of Company X in 1998 be Rs. x crores.
Then, 55 = (X-200)/200 ×100 => x = 310
Expenditure of Company X in 2001 = Income of Company X in 1998
= 310 crore
Let the income of Company X in 2001 be Rs. z crores.
Then, 50 = (Z-310)/310 × 100 => z = 465
Income of Company X in 2001 = Rs. 465 crores.

Question 5

Time: 00:00:00

If the incomes of two Companies were equal in 1999, then what was the ratio of expenditure of Company X to that of Company Y in 1999 ?

6:5

5:6

11:6

16:15

How to use PrepInsta Quiz

PrepInsta Explanation
User Explanation

Let the incomes of each of the two Companies X and Y in 1999 be Rs. x.
And let the expenditures of Companies X and Y in 1999 be E1 and E2 respectively.
Then, for Company X we have:
50 = (X-E1)/E1 ×100 ═>40/100=X/E1-1=>X=150E1/100………..(i)
Also, for Company Y we have:
60 = (X-E2)/E2 ×100 ═>60/100=X/E2-1=>X=160E1/100………..(ii)
From (i) and (ii), we get: E1/E2=16/15

Question 6

Time: 00:00:00

Study the following line graph and answer the questions based on it.
Number of Vehicles Manufactured by Two companies over the Years (Number in Thousands)

What is the difference between the number of vehicles manufactured by Company Y in 2000 and 2001 ?

50000

42000

33000

21000

How to use PrepInsta Quiz

PrepInsta Explanation
User Explanation

Explanation : 128000-107000=21000

Question 7

Time: 00:00:00

What is the difference between the total productions of the two Companies in the given years ?

19000

22000

26000

28000

How to use PrepInsta Quiz

PrepInsta Explanation
User Explanation

EXplanation : 742 -716 = 26000

Question 8

Time: 00:00:00

What is the average numbers of vehicles manufactured by Company X over the given period ? (rounded off to nearest integer)

119333

19333

1133

11933

How to use PrepInsta Quiz

PrepInsta Explanation
User Explanation

Explanation : 716/6 = 119.33 ( but in thousand)

Question 9

Time: 00:00:00

In which of the following years, the difference between the productions of Companies X and Y was the maximum among the given years ?

1997

1998

1999

2000

How to use PrepInsta Quiz

PrepInsta Explanation
User Explanation

Explanation : It was in year 2000.

Question 10

Time: 00:00:00

The production of Company Y in 2000 was approximately what percent of the production of Company X in the same
year ?

173

164

123

162

How to use PrepInsta Quiz

PrepInsta Explanation
User Explanation

Explanation : 128/78 *100 = 164

Comments

Cancel reply