Question: The purchase price of an article is $48. In order to include 15% of cost for overhead and to provide $12 of net profit, the markup should be
Options:
(A) 15%
(B) 25%
(C) 35%
(D) 40%
(E) 45%
Answer: Cost price of article = 48$
% of overhead cost = 15
Net profit = 12 $
We need to calculate % markup
Net profit as % of cost price = (12/48)*100 = 25%
Total markup should be = 25 + 15 = 40%
The answer is (D).

Question: 3 workers transfer a tool weighing 120kg in 12 seconds. How many men are required to transfer it in 9 seconds?
Options:
(A) 4
(B) 5
(C) 6
(D) 7
(E) 8
Answer: We have, M1D1H1 = M2D2H2
3*120*12 = M2*120*9
M2 = 3*120*12/120*9 = 4
The answer is (A).

Question: A train of 24 carriages, each of 60 meters length, when an engine also of 60 meters length is running at a speed of 60 kmph. In what time will the train cross a bridge 3.5 km long?
Options:
(A) 4
(B) 3
(C) 5
(D) 7
(E) 9
Answer: D = 25 * 60 + 3500 = 5000 m
T = 5000/60 * 18/5 = 300 sec = 5 mins
The answer is (C).

Question: Two pipes A and B can fill a cistern in 20 and 30 minutes respectively, and a third pipe C can empty it in 40 minutes. How long will it take to fill the cistern if all the three are opened at the same time?
Options:
(A) 17 1/9
(B) 17 1/3
(C) 17 1/7
(D) 17 1/9
(E) 17 1/1
Answer:
1/20 + 1/30 - 1/40 = 7/120
120/7 = 17 1/7
The answer is (C).