Indian Institute of Foreign Trade was founded in the year 1963 by Government of India. It is an autonomous body and it conducts an entrance examination of its own every year for admission in its management courses. Find here the Solved Logical Reasoning section from Indian Institute of Foreign Trade (IIFT) November 2008 question paper here. It has 32 questions in it on the topics like Coding and Decoding, Statements and Conclusions and general reasoning.
4. Mother Dairy sells milk packets in boxes of different sizes to its vendors. The vendors are charged Rs. 20 per packet up to 2000 packets in a box. Additions can be made only in a lot size of 200 packets. Each addition of one lot to the box results in a discount of one rupee on all the packets in the box. What should be the maximum size of the box that would maximize the revenue per box for Mother Dairy?
(A) 2400 packets
(B) 3000 packets
(C) 4000 packets
(D) None of these
Answer: B
5. All employees have to pass through three consecutive entrance doors to enter into the office and one security guard is deployed at each door. These security guards report to the manager about those who come to office after 10 AM. Ms. Rani is an employee of this office and came late on the annual day. In order to avoid report to the manager she had to pay each security guard half of the money she had in her purse and 2 rupees more besides. She found only one rupee with her at the end. How much money Ms. Rani had before entering the office on the annual day?
(A) Rs. 40
(B) Rs. 36
(C) Rs. 25
(D) Rs. 42
Answer: B
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