Dragnet Numerical Reasoning Questions and Answers


Fig 1.18


41)

If Gross Profit is Turnover minus Costs, what was the absolute difference in the Gross Profit between Syballe Sons and the Competitor Consultancy Firm for Quarters 1-4 inclusive?

Step 1 – Calculate the Gross Profit for Syballe Sons for Quarters 1-4
(11 + 8 + 7 + 10) – (9 + 6 + 6 + 8) = 7 = £70,000

Step 2 – Calculate the Gross Profit for the Competitor Consultancy Firm
(22 + 18 + 19 + 20) – (13 + 15 + 17 + 16) = 18 = £180,000

Step 3 – calculate the difference
£70,000 - £180,000 = £110,000 less

So the correct answer is £110,000
42)

The quarter immediately following the period shown will see Syballe Sons’ cost and turnover both increase by the same absolute amounts as between Quarter 4 and Next Quarter. What will be the difference between their turnover and costs in that following quarter?

In £10,000s we have:
Step 1 – Turnover increases by 2, costs increase by 3.

Step 2 – Add these to the last data shown in the graph and we have turnover of 2 + 12 = 14 and costs of 3 + 11 = 14.

So the correct answer is No difference
43)

Between which two quarters was there the same percentage change in turnover for both Syballe Sons and the Competitor Consultancy Firm?

Step 1 - Calculate the % change for each quarter for Syballe Sons and the Competitor Consultancy Firm

  % change for each quarter
Quarter 1 – Quarter 2 (11-8)/11 = 27.3%
Quarter 2 – Quarter 3 (8-7)/8 = 12.5%
Quarter 3 – Quarter 4 (7-10)/7 = 42.9%
Quarter 4 – Next Quarter (10-12)/10 = 20%

Step 2 - Calculate the % increase for each quarter for the Competitor Consultancy Firm

   
Quarter 1 – Quarter 2 (22-18)/22 = 18.2%
Quarter 2 – Quarter 3 (18-19)/18 = 5.6%
Quarter 3 – Quarter 4 (19-20)/19 = 5.3%
Quarter 4 – Next Quarter (24-20)/20 = 20%

Tip: in practice, the fastest way would be to enter into your calculator 8 ¸ 11 (Syballe’s Q1-Q2 turnover), and see if the value on the screen changes when you enter 18 ¸ 22 (Competitor’s Q1-Q2 turnover).

Repeat for each quarter, and you get to Q4-Next Quarter.

Hence the correct answer is Quarter 4 – Next Quarter
44)

What is the average quarterly turnover for Syballe Sons compared to the Competitor Consultancy Firm across Quarters 1-4?

Step 1 – Calculate the average turnover for Syballe Sons
(11 + 8 + 7 + 10)/4 = £90,000

Step 1 – Calculate the average turnover for the Competitor Consultancy Firm
(22 + 18 + 19 + 20)/4 = £197,500

So the correct answer is £90,000 Syballe Sons; £197,500 Competitor Consultancy Firm

Fig 1.17


45)

Assuming the only costs are those of the monthly package, what was the annual cost saving for a customer who switched from the Gold to the Bronze package?

This is a relatively easy one.

Step 1 – calculate the monthly difference
£35 - £25 = £10

Step 2 – calculate the annual difference
£10 x 12 = £120

So the correct answer is £120

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