Dragnet Numerical Reasoning Questions and Answers


Fig 1.6


91)

Which out of the Emerging Markets, UK and Far Eastern funds hold the lowest value of Cash and the lowest value of Bonds?

The information that we need is shown in both the table and the graph.

Step 1 - Calculate the value of the Cash held within each of the Funds in the question
Cash value = total value x cash %
UK (Cash) = 55.6 x 10% = £5.56 million

See table below:

  Cash
UK  £5.56 million
Far Eastern £7.86 million
Emerging
Markets		 £3.89 million


Step 2 - Calculate the value of the Bonds held within each of the Funds in the question
Bonds value = total value x bonds %
UK (Bonds) = 55.6 x 20% = £11.12 million

See table below

  Bond
UK  £11.12 million
Far Eastern £3.41 million
Emerging
Markets		 £11.67 million


Thus the correct answer is (B), Emerging Markets (Cash); Far Eastern (Bonds)
92)

On the previous day, the value of the shares held in the Emerging Markets Fund was 0.5% lower than the values given here. What was the previous day’s value of shares in the Emerging Markets Fund?

The information that we need is shown in both the graph and the table.

Step 1 - Calculate the value of the shares component of the Emerging Markets Fund
38.9 million x 50% = £19.45 million

Step 2 – Calculate the previous day’s value
£19.45 million x .995 = £19.35 million

Thus the correct answer is (D), £19.35 million

Fig 1.5


93)

Given that a customer uses the promotional offers shown, put the 5 products sold in non- European stores into order of increasing promotional price per unit (starting with the cheapest).

The information that we need is shown in the first table (non-European stores)

Step 1 – calculate the 3 for the price of 2 promotional offers
DE45 promotional price per unit = 2/3 x $175 = $116.67
PU20 promotional price per unit = 2/3 x $200 = $133.33

Step 2 – calculate the 4 for the price of 3 promotional offers
PU10 promotional price per unit = 3/4 x $150 = $112.50
FD24 promotional price per unit = 3/4 x $180 = $135.00

Step 3 – put these promotional prices into order alongside the fifth product (AE25) priced
at $130 and not on promotion

Thus the correct answer is (C), PU10, DE45, AE25, PU20, FD24
94)

This month’s combined target for non-European and European sales of AE25 is 40,000. Using an exchange rate of 0.75 to the $, what is the difference between the sales values  shown and this target?

The information that you need is shown in both tables

Step 1 – calculate AE25’s non-European sales in Euros
$13,000 x 0.75 = 9,750

Step 2 – calculate AE25’s combined European and non-European sales
9,750 + 24,500 = 34,250

Step 3 – calculate the discrepancy against target sales
40,000 - 34,250 = 5,750

Thus the correct answer is (D), 5,750
95)

What is the discrepancy (in $) between the AE25 price per product unit in non-European stores compared to European stores. Use an exchange rate of 0.80 to the $.

The information that you need is shown in both tables. Note from the possible answers it doesn’t matter which is the greater, we just need the difference.

Tip: if you struggle with the term “ x to the $” and you sometimes multiply when you should divide by the conversion, think of an extreme example. So think of a two currencies that have very different strengths, for example Zimbabwean Dollar to the British Pound. It doesn’t matter what the values are but you know there are lots of ZWDs to the BGP and you also know that the same product will cost a lot more ZWDs than
GBP. Hopefully that will help you decide if currency A should be a higher number than currency B, or vise versa.

Step 1 – read from the table the AE25 price per product unit (non-European stores) = $130
Step 2 – Calculate the AE25 price per product unit (European stores) = 200 ¸ 0.80 = $250
Step 3 – calculate the difference between the two $250 - $130 = $120

Thus the correct answer is (B), $120

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