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NumericalReasoningTest18-Solutions_2025春招题库汇总_八大题库-1_04八大汇总_信永中和_专业题综合知识-参考_英文题_NumericalReasoningTests

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NumericalReasoningTest18-Solutions_2025春招题库汇总_八大题库-1_04八大汇总_信永中和_专业题综合知识-参考_英文题_NumericalReasoningTests
NumericalReasoningTest18-Solutions_2025春招题库汇总_八大题库-1_04八大汇总_信永中和_专业题综合知识-参考_英文题_NumericalReasoningTests
NumericalReasoningTest18-Solutions_2025春招题库汇总_八大题库-1_04八大汇总_信永中和_专业题综合知识-参考_英文题_NumericalReasoningTests
NumericalReasoningTest18-Solutions_2025春招题库汇总_八大题库-1_04八大汇总_信永中和_专业题综合知识-参考_英文题_NumericalReasoningTests
NumericalReasoningTest18-Solutions_2025春招题库汇总_八大题库-1_04八大汇总_信永中和_专业题综合知识-参考_英文题_NumericalReasoningTests
NumericalReasoningTest18-Solutions_2025春招题库汇总_八大题库-1_04八大汇总_信永中和_专业题综合知识-参考_英文题_NumericalReasoningTests
NumericalReasoningTest18-Solutions_2025春招题库汇总_八大题库-1_04八大汇总_信永中和_专业题综合知识-参考_英文题_NumericalReasoningTests
NumericalReasoningTest18-Solutions_2025春招题库汇总_八大题库-1_04八大汇总_信永中和_专业题综合知识-参考_英文题_NumericalReasoningTests
NumericalReasoningTest18-Solutions_2025春招题库汇总_八大题库-1_04八大汇总_信永中和_专业题综合知识-参考_英文题_NumericalReasoningTests
NumericalReasoningTest18-Solutions_2025春招题库汇总_八大题库-1_04八大汇总_信永中和_专业题综合知识-参考_英文题_NumericalReasoningTests
NumericalReasoningTest18-Solutions_2025春招题库汇总_八大题库-1_04八大汇总_信永中和_专业题综合知识-参考_英文题_NumericalReasoningTests
NumericalReasoningTest18-Solutions_2025春招题库汇总_八大题库-1_04八大汇总_信永中和_专业题综合知识-参考_英文题_NumericalReasoningTests
NumericalReasoningTest18-Solutions_2025春招题库汇总_八大题库-1_04八大汇总_信永中和_专业题综合知识-参考_英文题_NumericalReasoningTests
NumericalReasoningTest18-Solutions_2025春招题库汇总_八大题库-1_04八大汇总_信永中和_专业题综合知识-参考_英文题_NumericalReasoningTests
NumericalReasoningTest18-Solutions_2025春招题库汇总_八大题库-1_04八大汇总_信永中和_专业题综合知识-参考_英文题_NumericalReasoningTests
NumericalReasoningTest18-Solutions_2025春招题库汇总_八大题库-1_04八大汇总_信永中和_专业题综合知识-参考_英文题_NumericalReasoningTests
NumericalReasoningTest18-Solutions_2025春招题库汇总_八大题库-1_04八大汇总_信永中和_专业题综合知识-参考_英文题_NumericalReasoningTests
NumericalReasoningTest18-Solutions_2025春招题库汇总_八大题库-1_04八大汇总_信永中和_专业题综合知识-参考_英文题_NumericalReasoningTests
NumericalReasoningTest18-Solutions_2025春招题库汇总_八大题库-1_04八大汇总_信永中和_专业题综合知识-参考_英文题_NumericalReasoningTests
NumericalReasoningTest18-Solutions_2025春招题库汇总_八大题库-1_04八大汇总_信永中和_专业题综合知识-参考_英文题_NumericalReasoningTests
NumericalReasoningTest18-Solutions_2025春招题库汇总_八大题库-1_04八大汇总_信永中和_专业题综合知识-参考_英文题_NumericalReasoningTests

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Numerical Comprehension Test 2 Solutions Booklet Instructions This numericalcomprehension test comprises18 questions, and you will have 18 minutes in which to correctly answer as many as you can. Calculators are permitted for this test, and it is recommended you have some rough paper to work on. You will have to work quickly and accurately to perform well in this test. If you don't know the answer to a question, leave it and come back to it if you have time. Each question will have five possible answers, one of which is correct. If the exact correct answer is not provided, select the closest possible answer. You may click Back and Next during the test to review or skip questions. You can submit your test at any time. If the time limit is up before you click submit the test will automatically be submitted with the answers you have selected. It is recommended to keep working until the time limit is up. Try to find a time and place where you will not be interrupted during the test.The test will begin on the next page. AssessmentDay Practice Aptitude TestsQ1 An organization is refurnishing its offices by providing employees with new chairs, desks and filing cabinets. Each office requires 18 desks, 18 chairs and 36 filing cabinets. The furniture supplier provides desks at £145.95 per desk, chairs at £45.95 per chair and filing cabinets £39.95 per cabinet. The organization has 7 offices which require refurnishing. What will be the total cost of the new office furniture? (A) £32,198.70 (B) £34,246.80 (C) £36,829.80 (D) £38.298.90 (E) £40,182.20 Step 1–Calculatethe cost of purchasing the desks,chairs and filing cabinets by multiplying the value of the furniture by the number of units being purchased,and then combing the figures to identify the total. £145.95x18 = £2,627.10 £45.95x 18 = £827.10 £39.95x 36 = £1,438.20 £2,627.10 + £827.10 + £1,438.20 = £4,892.40 Step 2–Calculate the cost of purchasing the furniture across all of the organisation’s offices by multiplying the total cost of the furniture per office, by the number of offices at the organisation. £4,892.40x 7 =£34,246.80 Thus the correct answer is(B)£34,246.80 For personal useonly. Unauthorised copying or Page2 AssessmentDay distribution in printed, electronic, or any other form in whole or in part, is prohibited without www.assessmentday.co.uk Document last updated 15-01-2014 prior written permission from AssessmentDay.Q2 A storage container has 1100 cubic feet of storage space. This storage contain is used to hold identically sized boxes with the following dimensions: width = 2ft, length = 4ft, height = 2ft. what is the maximum number of these boxes which could be held in this storage container? (A) 67boxes (B) 68 boxes (C) 69boxes (D) 70boxes (E) 71boxes Step 1–Calculate the volume of each box using the following formula: width x length x height. 2 x 4 x 2 = 16 sq ft Step 2–Calculate how many boxes could be storedin the storage container by dividing the total storage space by the volume of the boxes. (Remember that decimal places must be rounded down as the number of boxes is a discreet number, and although you can have spare room, you cannot exceed the space provided). 1100 / 16 = 68.75 = 68 boxes Thus the correct answer is (B)68 boxes For personal useonly. Unauthorised copying or Page3 AssessmentDay distribution in printed, electronic, or any other form in whole or in part, is prohibited without www.assessmentday.co.uk Document last updated 15-01-2014 prior written permission from AssessmentDay.Q3 A publicly owned company has made the decision to return to private ownership after a management buyout. ½ of the company has been purchased by private equity company A, ¼ has been purchased by private equity company B and the remaining quarter has been purchased by the companies own employees. Of this quarter owned by employees, ⅔ is owned by the company’s upper management. Of the fraction owned by the upper management, ¾ was financed by loans and re-mortgages. What fraction of the company was purchased by the upper management through loans and re-mortgages? (A) 1/7 (B) 1/8 (C) 1/9 (D) 1/10 (E) 1/11 Step 1–Calculate the fraction of the company which had been purchased by the companies upper management.We calculate this by multiplying the numerator of the first fraction by the numerator of the second, and doing the same with the denominators. ¼x⅔ =2/12 = Step 2–When⅙ calculatingthe fraction of the company which has been purchased by upper management using debt financing, we use the same process as seen in step 1 for this step. 1/6 x ¾ = 3/24 =⅛ Thus the correct answer is(B)⅛ For personal useonly. Unauthorised copying or Page4 AssessmentDay distribution in printed, electronic, or any other form in whole or in part, is prohibited without www.assessmentday.co.uk Document last updated 15-01-2014 prior written permission from AssessmentDay.Q4 Jamal has purchased a new car for £17,000. He has opted to purchase his car in monthly installments of 3% of the cars total value per month. Similarly, he is being charged £59 per month in car insurance, £50 a year in breakdown cover, £195 a year in road tax and an estimated £1,965 per year in running costs. How much will Jamal’s car cost him per month on average? (while he is still paying installments for the car) (A) £679.98 (B) £705.98 (C) £725.88 (D) £753.17 (E) £775.56 Step 1–Calculate how much Jamal’s monthly carpayments will be,byidentifying 3% (0.03) of the car. 17,000 x 0.03 = £510 per month. Step 2–Calculate how much Jamal will be paying per month on breakdown cover, road tax and running costs by dividing these figures by 12. Breakdown cover = £50/ 12 =4.166666667= £4.17per month Road tax = 195 / 12 = £16.25 per month Running costs = 1,965 / 12 = £163.75 per month Step 3–Combine these figures above with the monthlycar insurance payments to identify the total cost per month of Jamal’s car. £510 + £4.17 +£16.25 + £163.75 + £59.00 = £753.17 Thus the correct answer is(D)£753.17 For personal useonly. Unauthorised copying or Page5 AssessmentDay distribution in printed, electronic, or any other form in whole or in part, is prohibited without www.assessmentday.co.uk Document last updated 15-01-2014 prior written permission from AssessmentDay.Q5 Fresh water accounts for 2.5% of all water on earth. Of this freshwater, 0.03% exists as surface water. Of this fresh surface water, 87% is found in lakes, 11% in swamps and 2% in rivers. If the total volume of water on earth is 1.386 billion km³, what is the total volume of water found in lakes? (A) 80,3738km³ (B) 85,8383km³ (C) 90,4365km³ (D) 95,3731km³ (E) 100,291km³ Step 1–Calculatethe total volumeof fresh water by identifying 2.5% of the total volume of water. 1.386 x0.025=0.03465billionkm³ =34.65million km³ Step 2–Calculate the total volume of fresh water which exists as liquid ground water by identifying0.3% of the total volume of fresh water. 34.65x 0.003=0.10395million km³ = 103.95 thousand km³ Step 3–Calculate the total volume of water which is found in lakes by identifying 87% of the total volume of liquid groundwater. 103.95x 0.87 =90.4365 thousandkm³ = 90,4365 km³ Thus the correct answer is(C)90,4365 km³ For personal useonly. Unauthorised copying or Page6 AssessmentDay distribution in printed, electronic, or any other form in whole or in part, is prohibited without www.assessmentday.co.uk Document last updated 15-01-2014 prior written permission from AssessmentDay.Q6 Algae biofuel can be obtained from microalgae. Algae have a dry weight of 5% of the algae’s total weight, and a lipid content of 40% of that dry weight, which has similar properties to vegetable oil. Algal oil can be sold for £0.42 per litre. How much revenue could be generated by the sale of algal oil from 17 metric tons of microalgae? (1 litre of algal oil weighs 0.92kg) (A) £150.58 (B) £155.22 (C) £160.58 (D) £165.48 (E) £170.58 Step 1–Calculate the dry weight of 17 metric tons of microalgae by identifying 5% of this figure. 17 x 0.05 = 0.85 metric tons Step 2–Calculate the lipid content of the algae’s try weight by identifying 40% of the algae’s dry weight. 0.85 x 0.40 = 0.34metric tonnes = 340 kg of oil Step 3–Calculate the value of the algal oil by converting the weight of the oil into volume, and the multiplying this figure by the value of the algal oil per litre. 340 / 0.92 = 369.5652174 litres of oil 369.5652174 x 0.42 = £155.2173913 = £155.22 Thus the correct answer is(B) For personal useonly. Unauthorised copying or Page7 AssessmentDay distribution in printed, electronic, or any other form in whole or in part, is prohibited without www.assessmentday.co.uk Document last updated 15-01-2014 prior written permission from AssessmentDay.Q7 The mountain summits of K2, Kanchenjunga, Lhostse, macula and Cho Oyu have respective heights of 8,611m, 8586m, 8,516m, 8,486m and 8,188m. The line parent to these mountains is Mount Everest, which is 4.324% taller than the mean heights of these 5 mountains. What is the height of mount Everest? (A) 8,583m (B) 8,629m (C) 8,718m (D) 8,848m (E) 8,998m Step 1–Calculate the mean height of these five mountains by adding their heights, and dividing this number by 5. 8,611m + 8,586m + 8,516m + 8,486m + 8,188m = 42,387m 42,387m / 5 = 8,477.4m Step 2–Calculate the height of Mount Everest by inc For personal useonly. Unauthorised copying or Page8 AssessmentDay distribution in printed, electronic, or any other form in whole or in part, is prohibited without www.assessmentday.co.uk Document last updated 15-01-2014 prior written permission from AssessmentDay.For personal useonly. Unauthorised copying or Page9 AssessmentDay distribution in printed, electronic, or any other form in whole or in part, is prohibited without www.assessmentday.co.uk Document last updated 15-01-2014 prior written permission from AssessmentDay.reasing the mean height of these summits by 4.324% by multiplying this figure by 104.324% (1.04324). 8,477.4m x 1.04324 = 8,843.962776m Thus the correct answer is (D) 8,848m (Tip: The instructions askyou to select the closest possible answer if the exact answer is not present, making D the correct answer.) For personal useonly. Unauthorised copying or Page10 AssessmentDay distribution in printed, electronic, or any other form in whole or in part, is prohibited without www.assessmentday.co.uk Document last updated 15-01-2014 prior written permission from AssessmentDay.Q8 An international train service travels from country A to country B at an average speed of 66 miles per hour without stopping. The distance between the train stations in country A and country B is 430km, how long would it take to reach city B from city A via train? (1 mile = 1.609344 km). (A) 2 hours (B) 3 hours (C) 4 hours (D) 5 hours (E) 6 hours Step 1–Convert the length of the journey fromkilometres into milesusing the mile to kilometre ratio shown above. 430 / 1.609344 =267.1896127miles Step 2–Calculate how many hours the journey would take by dividing the length of the journey by the speed of the train. 267.1896127/66=4.048327465= 4hours Thus the correct answer is(C)4hours For personal useonly. Unauthorised copying or Page11 AssessmentDay distribution in printed, electronic, or any other form in whole or in part, is prohibited without www.assessmentday.co.uk Document last updated 15-01-2014 prior written permission from AssessmentDay.Q9 A dam generates a total of 1TWh (1,000 GWh or 1,000,000 MWh) of power per year (non-leap year). This dam has 12 turbines which generate an equal amount of power. How much power is generated per turbine each day on average? (A) 188.2836446MWh (B) 192.3837929MWh (C) 204.2866738MWh (D) 216.2827363MWh (E) 228.3105023 MWh Step 1–Calculate how much power is generated per day by the dam by dividing the total power production by the number of days per year. 1 / 365 = 0.002739726 TWh = 2.739726027 GWh Step 2–Divide the power production per day by 12 to identify the daily powerproduction per turbine. 2.739726027 / 12 = 0.228310502GWh = 228.3105023 MWh Thus the correct answer is (E) 228.3105023 MWh For personal useonly. Unauthorised copying or Page12 AssessmentDay distribution in printed, electronic, or any other form in whole or in part, is prohibited without www.assessmentday.co.uk Document last updated 15-01-2014 prior written permission from AssessmentDay.Q10 A commodities broker charges a fee of 2% of the total value per transaction each time a commodity is sold. The broker’s client purchased 25 ounces of platinum at the market price of £951.82 per ounce. After 4 months the client decides to sell the metal at the current market price of £1,217.28 per ounce. How much profit will be client receive from this transaction? (A) £5,259.38 (B) £5,529.92 (C) £5,753.39 (D) £6,027.86 (E) £6,250.39 Step 1–Calculate the total value of the purchase by multiplying the number of ounces purchased by their value at the time per ounce. £951.82x25 = £23,795.50 Step 2–Calculate the value of the metal at the current market price by multiplying the number of ounces by their current value per ounce. £1,217.28x 25 = £30,432.00 Step 3–Remove 2% of the transaction to take into account the brokers fee by multiplying by 2% (0.02). £30,432.00x 0.98 = £29,823.36 Step 4–Subtract the revenue generated (minus the fee) by the sale of the metal by the metals original value to identify the profit generated. £29,823.36-£23,795.50 =£6,027.86 Thus the correct answer is(D)£6,027.86 For personal useonly. Unauthorised copying or Page13 AssessmentDay distribution in printed, electronic, or any other form in whole or in part, is prohibited without www.assessmentday.co.uk Document last updated 15-01-2014 prior written permission from AssessmentDay.Q11 A pharmaceutical company generates 15 metric tons of paracetamol per month, 4.5 metric tons of Ibuprofen per week and 160 metric tons of aspirin per year. The pharmaceutical company can sell paracetamol for £5 per kilo, ibuprofen for £17 per kilo and aspirin for £9 per kilo. How much revenue is generated in 1 year by this pharmaceutical company’s sale of paracetamol, ibuprofen and aspirin? (A) £5,672,000 (B) £5,829.000 (C) £6,029,000 (D) £6,198,000 (E) £6,318,000 Step 1–Calculate the total revenue generated by paracetamol sales in one year by calculating how much is produced in one year, and then multiplying this by its sale price. 15 x 12 = 180 metric tons per year 180 x 1000 = 180,000 kg per year 180,000 x £5 =£900,000 per year Step 2–Calculate the total revenue generated by ibuprofen sales in one year by calculating how much is produced in one year, and then multiplying this by its sale price. 4.5 x 52 = 234 metric tons per year 234 x 1000 = 234,000 kg peryear 234,000 x £17 = £3,978,000 per year Step 3–Calculate the total revenue generated by aspirin sales in one year by calculating by multiplying the annual production by its sale price. Then,we combine the revenues for the three painkillers, identifying the total revenue. 160 x 1000 = 160,000 kg per year 160,000 x 9 =£1,440,000 per year £900,000 + £3,978,000 + £1,440,000 = £6,318,000 Thus the correct answer is (E) £6,318,000 For personal useonly. Unauthorised copying or Page14 AssessmentDay distribution in printed, electronic, or any other form in whole or in part, is prohibited without www.assessmentday.co.uk Document last updated 15-01-2014 prior written permission from AssessmentDay.Q12 Before commercial whaling in the 18th century, the sperm whale population was estimated at 1,100,000. However by 1880 the total sperm whale population had decreased by 29%. Between 1880 and 1946 the population recovered slightly, growing by 5.9% from the 1880 population. However, from 1946 to 1980 only 33% of the 1946 population remained. What was the size of the sperm whale population in 1980? (A) 272,936 (B) 282,272 (C) 292,372 (D) 302,381 (E) 312,937 Step 1–Calculate the sperm whale population in 1880 bylowering the number of sperm whales in the 18thcenturyby 29%(0.71) 1,100,000 x 0.71 = 781,000 Step 2–Calculate the sperm whale population in 1946 by increasing the previous number by 5.9% 781000 x 1.059 = 827,079 Step 3–Calculate the 1980 sperm whale population by identifying 33% of the 1946whale population. 827,079 x 0.33 = 272,936.07 = 272,936 Thus the correct answer is(A)272,936 For personal useonly. Unauthorised copying or Page15 AssessmentDay distribution in printed, electronic, or any other form in whole or in part, is prohibited without www.assessmentday.co.uk Document last updated 15-01-2014 prior written permission from AssessmentDay.Q13 ¾ of an organisation’s staff have recently been provided with a smart phone. By purchasing these phones in bulk, the organisation has saved 17% of the costs per phone. The organisation has 3500 members of staff and the each phone originally cost £125 per unit. How much did the organisation spend on providing employees with these phones? (A) £254,483.50 (B) £263,383.00 (C) £272,343.75 (D) £283,389.00 (E) £294,389.50 Step 1–Calculate the amount of money spent per phone by decreasing the original number by 17% (0.83) £125 x 0.83 = 103.75 Step 2–Calculate the number of people which received a smart phone by identifying 75% of the total staff number. 3,500 x 0.75 = 2,625 Step 3–Multiply the number of staff that received a phone by the actual cost of the phone to identify how much theorganisation spent. 2,625 x £103.75 = £272,343.75 Thus the correct answer is (C)£272,343.75 For personal useonly. Unauthorised copying or Page16 AssessmentDay distribution in printed, electronic, or any other form in whole or in part, is prohibited without www.assessmentday.co.uk Document last updated 15-01-2014 prior written permission from AssessmentDay.Q14 Calcium carbonate used in industry is extracted direct via mining or quarrying. A mining operation can produce 50 metric tons of magnesium carbonate per day. The market price for pure elemental magnesium is $2.90 per kilogram. If all of the daily production of magnesium carbonate is converted into elemental magnesium, how much revenue per year (non-leap year) could the mine generate from the sale of that magnesium? (Assume magnesium carbonate is 25% elemental magnesium) (A) $13,002,500 (B) $13,107,000 (C) $13,231,250 (D) $13,378,750 (E) $13,496,250 Step 1–Calculate total amount of calcium carbonate produced in 1 year by multiplying the daily production figure by 365. 50 x 365 =18,250metric tons Step 2–Calculate the amount of elemental magnesium that can be extracted from the yearly production of magnesium carbonate by identifying 25% (0.25). 18,250x 0.25 =4,562.5metric tons Step 3–Calculatethe value of the elemental magnesium by converting the yearly production of magnesium into kg, and then multiplying by the current market price. 4,562.5x 1000 = 4,562,500kg 4,562,500 x 2.9 = $13,231,250.00 Thus the correct answer is(C)$13,231,250.00 For personal useonly. Unauthorised copying or Page17 AssessmentDay distribution in printed, electronic, or any other form in whole or in part, is prohibited without www.assessmentday.co.uk Document last updated 15-01-2014 prior written permission from AssessmentDay.Q15 As a rule of thumb, a household of two people are able to borrow 2.5 times their joint yearly income before tax when applying for a mortgage. A couple have monthly incomes of £2,500 per month and £2,000 before tax, and between them they have saved £15,000. What is the largest amount of money the couple could borrow with a mortgage requiring a 10% deposit based on the rule of thumb? (A) £135,000 (B) £140,000 (C) £145,000 (D) £150,000 (E) £155,000 Step 1–Calculate the couples joint monthly income by adding together their respective incomes. £2,500 + £2,000 = £4,500 Step 2–Calculate the couple’s yearly income by multiplying their joint monthly income by 12. £4,500 x 12 = £54,000 Step 3–Based on the rule of thumb, calculate the amount of money that could be borrowed by multiplying the join yearly income by 2.5 (note: do not calculate the amount of money that could be borrowed by the amount of money saved for the deposit, as the question states “using the rule of thumb”). £54,000 x 2.5 = £135,000 Step 4–Identify if the couple can afford the deposit on the loan by identifying 10% of the loan amount and comparing this with the money saved. £135,000 x 0.1 = £13,500 £15,000 > £13,500 Thus the correct answer is(A)£135,000 For personal useonly. Unauthorised copying or Page18 AssessmentDay distribution in printed, electronic, or any other form in whole or in part, is prohibited without www.assessmentday.co.uk Document last updated 15-01-2014 prior written permission from AssessmentDay.Q16 An investor purchases $350 worth of shares in company A, $450 worth of shares in company B and $750 worth of shares in company C. These shares have the following annual dividend yields: Company A = 5.7%, Company B = 6.2% Company C = 4.9%. The average dividend yield for the Dow Jones Average Index (DJIA) is 2.8%. How much larger will the annual dividend income from the purchased shares be compared to an equally sized investment in the DJIA as a whole? (assume that dividends are not reinvested) (A) $35.90 (B) $38.80 (C) $41.20 (D) $44.10 (E) $47.50 Step 1–Calculate the annual dividend income earned bymultiplyingthe value of the shares by the respective dividend yield,and then combining these figures. Company A: $350 x 0.057 =$19.95 Company B: $450 x 0.062=$27.9 Company C: $750 x 0.049 = $36.75 Total income = 19.95 + 27.9 + 36.75 = $84.60 Step 2–Calculate the annual dividend income earned from purchasingan equal value of shares ofthe DJIA by calculating the total value of the shares, and multiplying this by the dividend yield. $350 +$450 + $750 = $1,550 $1,550 x 0.028 = $43.40 Step 3–Subtract the total dividend incomeearnedfromthe purchasedshares,from the dividend incomefrom the DJIA shares. $84.60-$43.40 = $41.20 Thus the correct answer is(C)$41.20 For personal useonly. Unauthorised copying or Page19 AssessmentDay distribution in printed, electronic, or any other form in whole or in part, is prohibited without www.assessmentday.co.uk Document last updated 15-01-2014 prior written permission from AssessmentDay.Q17 A management consultancy generated 46% of its revenue through strategy consulting, of which company A is the consultancy’s biggest client in terms of fees, accounting for ¼ of the consultancy’s strategy revenue. The consultancy currently has 35 strategy consultants working with company A, each charging an effective day rate of £2,000 per working day. What is the total daily revenue generated by the consultancy? (A) £608,695.65 (B) £612,625.30 (C) £616,382.75 (D) £620,382.80 (E) £624,289.20 Step 1–Calculate how much per day,consultants to company Aare generating in consultancy fees by multiplying the average fee per consultant by the number of consultants. 35 x 2000 =£70,000 per day. Step 2–Calculate how muchrevenue is generated by the consultancy’s strategy function,by dividing the fees charged to company A by ¼ (0.25) £70,000 / 0.25 = £280,000per day Step 3–Calculate the total revenue generated per day by the consultancy,by dividing the dailystrategy function revenue by 46% (0.46) £280,000/0.46= £608,695.65 Thus the correct answer is(A)£608,695.65 For personal useonly. Unauthorised copying or Page20 AssessmentDay distribution in printed, electronic, or any other form in whole or in part, is prohibited without www.assessmentday.co.uk Document last updated 15-01-2014 prior written permission from AssessmentDay.Q18 Francis has £8,200 in a high interest individual savings account (ISA), which provides 0.3% interest per month, which remains in his ISA. He also holds £5,500 in fixed rate bonds, which pays monthly interest directly into Francis’s current account at an annual rate of 3.5%. Finally, Francis owns £3,670 worth of shares, which have an average annual dividend yield of 2.8%, also paid directly into his current account monthly. Assuming that Francis’s current account does not generate interest, and that all investments were made at the same time, how much income would Francis make in the first 3 months of his investments? (A) £119.28 (B) £126.39 (C) £133.27 (D) £140.38 (E) £147.85 Step 1–Calculate the monthly interest received over the three months by calculating 0.3% of the total savings, and then when calculating following months, takinginto account the previous interest payments (compounding interest). £8,200 x 1.003 = £8,224.60 £8,224.60 x 1.003 = £8,249.2738 £8,249.2738 x 1.003 = £8,274.021621 = £8,274.02 £8,274.03-£8,200 = £74.02 Step 2–Calculate the interest generated by the fixed rate bonds by identifying the annual interest and dividing by 12to identify the monthly interest,and then multiplying this by 3. 5,500 x 0.035 = £192.50 £192.50 / 12 =16.041666667 16.041666667 x 3 = 48.125 = £48.13 Step 3–Calculate the dividend income generated by Francis’s shares byidentifying the annual dividendincome earned anddividing this by 12 to identifymonthly dividend income, and then multiplying this by 3. £3,670 x 0.028 = £102.76 £102.76 / 12 = £8.563333333 £8.563333333 x 3 = £25.69 Step 4–Combine these figures to identify the total income Francis earned over 3 months. £74.02 + £48.13 + £25.69 = £147.85 Thus the correct answer is (E) £147.84 -- End of Test -- For personal useonly. Unauthorised copying or Page21 AssessmentDay distribution in printed, electronic, or any other form in whole or in part, is prohibited without www.assessmentday.co.uk Document last updated 15-01-2014 prior written permission from AssessmentDay.