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Quantitative Reasoning Test

(A) 0.5 (B) 0.667 (C) 0.333 (D) 0.25 (E) 0.111

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Hammad Khan
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510 views6 pages

Quantitative Reasoning Test

(A) 0.5 (B) 0.667 (C) 0.333 (D) 0.25 (E) 0.111

Uploaded by

Hammad Khan
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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INSTRUCTIONS

PLEASE DO NOT TURN OVER THIS PAGE UNTIL THE TEST


BEGINS

1) Format
This test is up to 40 minutes long and consists of 16 questions.

2) Scoring
You start with 12 points
For every question you get right, you score 4 points

If you leave a question blank, you neither gain nor lose a point
If you answer a question incorrectly, YOU ARE DEDUCTED 1 POINT

4) Rules
Please clearly circle your answers
Extra paper for calculations is provided
No calculators are allowed
You need to return the question book to us at the end of the test
No phones

Name: ____________________ Score: /76


QUESTIONS 1–3

1 For a recent Bruce Springsteen concert, adult tickets were priced


at $3 each and children’s were priced at $1 each. If there were
50 fewer children than adults at the concert, and the total
receipts were $1,110, how many adult tickets were sold?

(A) 165 (B) 260 (C) 265 (D) 290 (E) 310

2 A corner shop sells Pepsi at 55₵ a bottle. Every day a total of 4


boxes of Pepsi bottles are sold with 42 bottles in each box. Given
that this corner shop is only open on weekdays, what is the best
estimate of total Pepsi sales last year at the corner shop?

(A) $200 (B) $2,000 (C) $20,000 (D) $200,000 (E)


$2,000,000

3 In New York City, an estate agent claims that the market value of
a house can be expected to double every 8 years. If this is true,
a house originally bought for $8,000 in 1963 would most likely
have a market value in 1995 of:

(A) $24,000 (B) $32,000 (C) $64,256


(D) $128,000 (E) $256,000
QUESTIONS 4–6

4 $16,000 invested in an internet savings account earns simple


interest at the rate of 5.5% per year. How much interest has been
earned after 6 months?

(A) $880.00 (B) $452.10 (C) $440.00 (D) $232.10 (E) $220.00

5 A car dealer has a large inventory of sports cars, of which 35% are
red, 25% are blue, 10% are black and the remainder are other
colours. For each color of sports car, 80% are equipped with
central-locking and of these, 30% have automatic transmission.
What is the probability that a sports car chosen at random will not
be black and will have both central locking and automatic
transmission?

3 12 27 6 9
(A) (B) (C) (D) (E)
125 125 125 125 125

6 A 4,000 liter oil tank, half-full of oil, is being filled by a pipe with a
flow rate of 1 kiloliter every 2 minutes. At the same time, the tank
is losing oil from two drains at a rate of 1 kiloliter every 4 minutes
and 1 kiloliter every 6 minutes. Approximately how many minutes
does it take to fill up the tank completely?

(A) 8 (B) 12 (C) 18 (D) 24 (E) 48


QUESTIONS 7–9

7 PharmaCo sells two asthma drugs, BreathEzy and FlowZone. The


profit margin (profit/revenue) from selling BreathEzy is 20% and
from FlowZone is 50%. What is the overall profit margin of the
company, if two thirds of total revenue comes from FlowZone and
one third from BreathEzy?

(A) 30% (B) 35% (C) 39% (D) 40% (E) 45%

8 Squash Balls Boxes

Total Total
cost, cost,
$ $

40 30
30
10
0 2 0 1
Production, '000 balls Production, '000 boxes

You are considering investing in a company that supplies squash


balls to sports shops and need to analyze production costs. The
company supplies packages, which consist of four squash balls in
a box. They have found that the relationship of cost to volume for
balls and boxes is as above. What would be the total production
cost for 2,000 packages?

(A) $100 (B) $120 (C) $150 (D) $160 (E) $180

9 Jill, a high-performing Blackstone Analyst, can finish a piece of


analysis in 9 days herself. If she works with Henry, her colleague,
they can do the job in 6 days. If Henry works on the analysis by
himself, how long would it take him to complete it?

(A) 18 (B) 15 (C) 9 (D) 8 (E) 4.5


QUESTIONS 10–12

10 XYZ Plc issues a 3-year $15m bond with an annual coupon of 10%.
Assume the discount rate is 5%. Bonds are valued at the present
value of future cash flows using the market interest rate. What is
the market value of this bond?

(A) $13m (B) $14m (C) $15m (D) $16m (E) $17m

11 What is the current yield of the bond after 1 year if the price of the
bond is 102% of par value? Assume there has already been one
coupon payment.

(A) ~4% (B) ~10% (C) ~9% (D) ~11% (E) ~8%

12 What is the most likely cause that has caused the bond price to
increase?

(A)Market interest rate is up


(B)Market interest rate is down
(C)Annual coupon is up
(D)Annual coupon is down
(E)Default rates are up
QUESTIONS 13–16

13 Jacob makes a $3 investment that pays him $5 for every day that it
snows in 2017. Steven invests the same amount of money on the
same day as Jacob in a security that pays him $5 for every day
that it rains in 2017. In 2017, it rains once in January and once in
February and snows once in November and once in December.
Which one of the following is true?

Jacob’s investment has (a)/(the) ______ IRR.


(A) Higher
(B) Lower
(C) Same

14 Jacob’s investment has (a)/(the) ______ MOIC (Multiple of Invested


Capital).
(A) Higher
(B) Lower
(C) Same

15 Circle all that are affected by a change in depreciation:


(A) Net PP&E
(B) Interest Expense
(C) Taxes
(D) Net Income
(E) Cash Flow

16 David Ortiz has a 0.333 batting average (he gets on base one out
of every three chances). Ortiz will have three at-bats today. What
is the probability that he gets on base at least once? (Each at-bat
is independent)

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