Following are some model questions / previous questions of Entrance Examination conducted by Institute of Rural Management Anand (IRMA), Gujarat for admission to its prestigious MBA programme. IRMA is one of the top rung B-Schools in India. The questions are from Quantitative Ability (QA) section of IRMA entrance test. The questions are taken from 2010 questions paper of IRMA Admission Test:
1) Mansi started a business investing Rs. 42000. After 7 months Kamya joined her with a capital of Rs. 50000. At the end of the year the total profit was Rs. 30160. What is the share of profits of Kamya?
1) Rs. 10000
2) Rs. 20160
3) Rs. 10160
4) Rs. 8000
5) None of these
2) The compound interest accrued on an amount of Rs. 25000 at the end of four years is 5387.65625. What would be the simple interest accrued on the same amount at the same rate in the same period?
1) Rs. 5350 2) Rs. 5285
3) Rs. 5000 4) Rs. 5100
5) None of these
3) The profit earned after selling an article for Rs. 998 is the same as loss incurred after selling the article for Rs. 864. What is the cost price of the article?
1) Rs. 978 2) 921 3) 980 4) Rs. 931
5) None of these
4) In a class of 40 students and 5 teachers, each student got sweets that are 25 percent of the total number of students and each teacher got sweets that are 15 percent of the total number of students. How many sweets were there?
1) 480 2) 440 3) 430
4) 450 5) None of these
5) Ruchika purchased a flat of 1000 Sq.feet for Rs. 35,75,000 after getting a discount of 15 percent on the standard price. She sold the flat at a price to get 13 percent profit. At what price did she sell the flat?
1) Rs. 43,40,950
2) Rs. 40,39,750
3) Rs. 46,47,850
4) Rs. 48,46,650
5) None of these
Answers: 1-1, 2-3, 3-4, 4-3, 5-2.