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Question : Profit after selling a commodity for Rs. 400 is the same as loss after selling it for Rs. 300. The cost of the commodity is:
Option 1: Rs. 450
Option 2: Rs. 400
Option 3: Rs. 350
Option 4: Rs. 250
Correct Answer: Rs. 350
Solution : Let's denote the cost price of the commodity as C. The profit after selling it for Rs. 400 is given by the formula: Profit = Selling price − Cost price ⇒ Profit = 400 − C The loss after selling it for Rs. 300 is given by the formula: Loss = Cost price − Selling price ⇒ Loss = C − 300 Since Profit = Loss ⇒ 400 − C = C − 300 ⇒ 2C = 700 ⇒ C = 350 Hence, the correct answer is Rs. 350.
Question : In 1937, an educational conference endorsing Gandhi's proposals for 'basic education' through the vernacular medium was held at
Option 1: Surat
Option 2: Bombay
Option 3: Ahmedabad
Option 4: Wardha
Correct Answer: Wardha
Solution : The Correct Answer is Wardha
There was unrestricted and required instruction in the mother tongue under the Wardha Scheme of Basic Education (1937). In 1937, Mahatma Gandhi developed a special education program. The Wardha Education Plan was the name given to it. Gandhiji believed in taking action, so his ideas about fundamental education can be categorized as either activity methods or practical methods.
Hello aspirant,
I regret to inform you that, despite your 57 percentile on the CAT exam, IMT Nagpur will not be contacting you. This is because the college's total cut-off score for all CAT, MAT, and CMAT exams is 70 percentile. There is no sectional cut-off, but you must score at least in the 70 percentile in order for your application to be reviewed further.
Thank you
Hope this information helps you.
Question : A Company's liquid assets are Rs.2,50,000 and its current liabilities are Rs.1,50,000. Thereafter, it paid Rs.50,000 to its trade payables. The quick ratio will be:
Option 1: 1.33:1
Option 2: 2.5:1
Option 3: 1.67:1
Option 4: 2:1
Correct Answer: 2:1
Solution : Answer = 2:1
Quick Ratio= $\frac{\text{Quick Assets}}{\text{Current liabilities}}$ New quick Assets = 2,50,000 - 50,000 = 2,00,000 New Current liabilities = Current liabilities – paid to trade payable = 1,50,000 - 50,000 = 1,00,000 New Quick Ratio = 2,00,000/1,00,000= 2:1. Hence, the correct option is 4.
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