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Questions and Answers
Which of the following statements are sufficient to determine if a partner B invested more than partner A in a profit-sharing venture?
Statement 1: Partner A invested $20,000.
Statement 2: Partner B’s investment is $5,000 more than A’s.
Statement 3: The total investment in the venture is $50,000.
Which of the following statements are sufficient to determine if a partner B invested more than partner A in a profit-sharing venture? Statement 1: Partner A invested $20,000. Statement 2: Partner B’s investment is $5,000 more than A’s. Statement 3: The total investment in the venture is $50,000.
- All three statements together
- Only Statement 2 (correct)
- Statement 1 and Statement 2 together
- Only Statement 1
If Company X produces 200 units and Company Y produces 300 units, what is the ratio of Company Y's production to Company X's production?
If Company X produces 200 units and Company Y produces 300 units, what is the ratio of Company Y's production to Company X's production?
- 1.5:1
- 3:2 (correct)
- 5:3
- 2:3
What is the maximum profit that can be gained if a product is sold at $150 and the cost price is $90?
What is the maximum profit that can be gained if a product is sold at $150 and the cost price is $90?
- $40
- $30
- $50
- $60 (correct)
If the total profit of $300, after distributing it between two partners A and B, is split such that A receives $x$ and B receives $(300 - x)$, what is the value of $x$ if A receives one-third of the total profit?
If the total profit of $300, after distributing it between two partners A and B, is split such that A receives $x$ and B receives $(300 - x)$, what is the value of $x$ if A receives one-third of the total profit?
A person invested a total of $5000 in two businesses at different rates of interest. If the amount from the first business was $x$ and from the second was $(5000 - x)$, which two values of $x$ will yield a total interest of $800 at 10% and 5% respectively? Fill in the following: The amount from the first business is $$ and from the second is $$.
A person invested a total of $5000 in two businesses at different rates of interest. If the amount from the first business was $x$ and from the second was $(5000 - x)$, which two values of $x$ will yield a total interest of $800 at 10% and 5% respectively? Fill in the following: The amount from the first business is $$ and from the second is $$.
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Study Notes
Types of Data Interpretation Questions
- Interest Problems: Involve calculations based on the concept of interest over time.
- Mixture Problems: Concern the combination of different substances or entities and computing their values.
- Profit and Loss: Focus on the financial calculations regarding revenue and expense comparisons.
- Mensuration: Deals with calculating areas, volumes, and other geometrical dimensions.
- Time and Work: Involves assessing work outputs over time among individuals or groups.
- Partnership: Relates to the distribution of profits or responsibilities among partners.
Question Types in Data Interpretation
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Data Sufficiency Questions:
- Designed to assess if provided statements contain enough information to answer a question.
- Includes three statements to analyze whether they can lead to a conclusive answer.
-
Comparison of Quantities:
- Require evaluating two or more numerical values or entities to determine their relationship.
- Focuses on greater, lesser, or equivalent amounts.
-
Maximum or Minimum Based Questions:
- Concentrate on identifying the largest or smallest value within a set of data.
- Useful in scenarios such as optimization problems.
-
Fill in the Blanks Questions:
- Challenge respondents to determine missing values in a given scenario.
- Typically consist of two blanks which need to be accurately filled with numerical values or concepts based on analysis.
Creating the Set
- Develop five questions involving the listed topics, ensuring diversity in the type of questions.
- Keep questions engaging, relevant, and clear for effective comprehension.
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