Q2.Direction:There are five shoe companies: Puma, Nike, Adidas, Reebok and Bata. In the following line graphs, the first line graph shows the marked up price with respect to the cost price of the shoes and the second line graph shows the discount percentage given on the marked up price with the help of the given information answer the following questions.
Which shoe company makes the highest profit, if the C.P. is INR 500 of each shoe?
Answer : Option AExplaination / Solution:
C.P. of Puma shoe = INR 500
Marked up price of Puma shoe is 150% of the cost price
⇒M.P. = INR 750
Discount given is 25% on the marked price
⇒S.P. = 750 – 25% of 750
⇒S.P. = 750 – 187.5
⇒S.P. = INR 562.5
⇒Gain on Puma shoe = INR 62.5
C.P. of Nike shoe = INR 500
Marked up price of Nike shoe is 200% of the cost price
⇒M.P. = INR 1000
Discount given is 45% on the marked price
⇒S.P. = 1000 – 45% of 1000
⇒S.P. = 1000 – 450
⇒S.P. = INR 550
⇒Gain on Nike shoe = INR 50
C.P. of Adidas shoe = INR 500
Marked up price of Adidas shoe is 160% of the cost price
⇒M.P. = INR 800
Discount given is 50% on the marked price
⇒S.P. = 800 – 50% of 800
⇒S.P. = 800 – 400
⇒S.P. = INR 400
⇒Loss on Adidas shoe = INR 100
C.P. of Reebok shoe = INR 500
Marked up price of Reebok shoe is 180% of the cost price
⇒M.P. = INR 900
Discount given is 60% on the marked price
⇒ S.P. = 900 – 60% of 900
⇒ S.P. = 900 – 540
⇒S.P. = INR 360
⇒Loss on Reebok shoe = INR 140
C.P. of Bata shoe = INR 500
Marked up price of Bata shoe is 125% of the cost price
Principle: Import means bringing some consignment into India from a foreign country.
Facts: A consignment from Sri Lanka entered the territorial waters of India. However, this consignment never crossed the Indian custom barrier nor did it enter into the stream of commerce in India.
Answer : Option CExplaination / Solution: No Explaination.
Following are the conditions for selecting Trainee Officers in an organization.
The candidate must –
(i) be a graduate in any discipline with at least 55% marks.
(ii) has secured at least 60% marks in class 12.
(iii) be at least 22 years and not more than 29 years as on 1.1.2016
(iv) have secured at least 40% marks in the selection examination
(v) have secured at least 50% marks in personal interview
(v) be ready to sign a bond for 2 years.
In the case of candidate who fulfills all conditions except –
(a) At (i) above, but is a qualified CA, the case is to be referred to ED.
(b) at (v) above, but has secured at least 60% marks in the selection examination, the case is to be referred to Chairman.
In each question below, details of a candidate are provided followed by a question and 5 courses of action. Select the course of action that applies to the person’s candidature.
Lata was born on March 14, 1991. She has secured 62% marks in class 12 and 65% marks in selection examination. She has also secured 58% marks in graduation and 48% marks in personal interview. She is ready to sign a bond for 2 years.
Answer : Option DExplaination / Solution:
For Chairman, instead of at least 50% marks in personal interview, if secures at least 60% marks in selection exam, the case is to be referred as Chairman.
This case is satisfied here.