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Chapter 8

Accounting

TU CMAT entrance past exam questions

Past questions and answers

5 questions set from this chapter. Most repeated first.

  • 2013 · 1 mark

Profits in the partnership of Bikram, Bishnu and Binita are shared in the ratio 1:2:3. If Bikram's share of the profits is Rs. 300, what is Binita's share? a. Rs. 150 b. Rs. 450 c. Rs. 600 d. Rs. 900

Answer

(d) Rs. 900

The ratio is 1:2:31 : 2 : 3, and Bikram's 1 part is Rs. 300. Binita's share is 3×300=Rs. 9003 \times 300 = \text{Rs. } 900.

Answer checked by Claude Sonnet · Oct 21, 2026

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  • 2013 · 1 mark

The difference between simple and compound interests compounded annually on a certain sum of money for 2 years at 4% per annum is Rs. 1. The sum in Rs. is: a. 625 b. 630 c. 640 d. 650

Answer

(a) 625

For 2 years at 4%:

SI=P×4×2100=0.08P,CI=P(1.04)2−P=0.0816PSI = \frac{P \times 4 \times 2}{100} = 0.08P, \qquad CI = P(1.04)^2 - P = 0.0816P

CI−SI=0.0016P=1⇒P=10.0016=625CI - SI = 0.0016P = 1 \Rightarrow P = \frac{1}{0.0016} = 625

The sum is Rs. 625.

Answer checked by Claude Sonnet · Oct 21, 2026

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  • 2013 · 1 mark

An agent charges 10% of the selling price for selling the house. If he gets 10,000forhishouse,whatshouldbethesellingprice?a.10,000 for his house, what should be the selling price? a. 100,000 b. 200,000c.200,000 c. 150,000 d. $500,000

Answer

(a) $100,000

The agent's commission is $10,000, which is 10% of the selling price:

Selling price=10,0000.10=USD100,000\text{Selling price} = \frac{10{,}000}{0.10} = USD 100{,}000

Answer checked by Claude Sonnet · Oct 21, 2026

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  • 2013 · 1 mark

Rakali invested an amount of Rs. 13,900 divided in two different schemes A and B at the simple interest rate of 14% p.a. and 11% p.a. respectively. If the total amount of simple interest earned in 2 years be Rs. 3508, what was the amount invested in Scheme B? a. 6400 b. 6500 c. 7200 d. 7500

Answer

(a) 6400

Let the amount in B be xx, so the amount in A is 13900−x13900 - x. Total simple interest for 2 years:

28(13900−x)+22x100=3508⇒389200−6x=350800⇒x=6400\frac{28(13900 - x) + 22x}{100} = 3508 \Rightarrow 389200 - 6x = 350800 \Rightarrow x = 6400

The amount invested in Scheme B is Rs. 6400.

Answer checked by Claude Sonnet · Oct 21, 2026

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  • 2013 · 1 mark

How much time will it take for an amount of 450 to yield 81 as interest at 4.5% per annum of simple interest? a. 3 years b. 4 years c. 4.5 years d. 5 years

Answer

4 years

Using T=SI×100P×R=81×100450×4.5=81002025=4T=\dfrac{SI \times 100}{P \times R}=\dfrac{81 \times 100}{450 \times 4.5}=\dfrac{8100}{2025}=4 years.

Answer checked by Claude Haiku · Oct 21, 2026

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Questions from CMAT Exam Questions 2020 (CMAT entrance · 2020), CMAT Exam Questions Paper 2019 (CMAT entrance · 2019), CMAT Past Question Paper (CMAT entrance · 2074), CMAT Past Question Paper (CMAT entrance · 2072), CMAT Past Question Paper (CMAT entrance · 2071), CMAT Past Question Paper (CMAT entrance · 2013), CMAT Past Question Paper (CMAT entrance · Verbal Ability 2012), CMAT Past Question Paper (CMAT entrance) and CMAT Past Question Paper (CMAT entrance). Answers are written for this site; check them against your class notes.