1.In a local shop, as part of promotional measures, the shop owner sells three different varieties of soap,

one at a loss of 13 percent, another at a profit of

23 percent and the third one at a loss of 26 percent.

Assuming that the shop owner sells all three varieties

of soap at the same price, the approximate percentage by which average cost price is lower or higher than

the selling price is

(IIFT 2016)

(a) 10.5 higher

(b) 12.5 lower

(c) 14.5 lower

(d) 8.5 higher

- In the marketing management course of an MBA

programme, you and your roommate can complete

an assignment in 30 days. If you are twice as efficient as your roommate, the time required by each

to complete the assignment individually is

(IIFT 2016)

(a) 45 days and 90 days

(b) 30 days and 60 days

(c) 40 days and 120 days

(d) 45 days and 135 days - Swarn a SME enterprise borrowed a sum of money

from a nationalized bank at 10% simple interest per

annum and the same amount at 8% simple interest

per annum from a microfinance firm for the same

period. It cleared the first loan 6 months before the

scheduled date of repayment and repaid the second

loan just at the end of the scheduled period. If in

each case it had to pay 62100 as amount then how

much money and for what time period did it borrow?

(IIFT 2017)

(a) 55750, 2 years

(b) 52500, 2 years

(c) 51750, 2.5 years

(d) 55750, 2.5 years - Somesh, Tarun and Nikhil can complete a work separately in 45, 60 and 75 days. They started the work together but Nikhil left after 5 days of start and Somesh left 2 days before the completion of the work.

In how many days will the work be completed?

(IIFT 2017)

(a) 25 (1/7)

(b) 50(1/7)

(c) 35 (5/7)

(d) 40(5/7)

5.A Pharmaceutical company produces two chemicals X and Y, such that X consists of 5% salt A and 10% salt B and Y consists of 10% salt A and 6% salt B. For producing the chemicals X and Y, the company requires at least 7 gm of Salt A and at least 7 gm of Salt B. If chemical X costs *10.50 per gm and

chemical Y costs 7.80 per gm, what is the minimum

cost at which the company can meet the requirement

by using a combination of both types of chemicals?

(IIFT 2017)

(a) 810

(c) 537

(b) 850

(d) None