MTH302 Final Term Quiz 2 July 2023 by Miss Mehwish

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MCQ 1: Question: If "factor" from the syntax of DDB is omitted, then it is assumed to be... Options:

1. 1
2. 0
3. 2
4. -1

Correct option: 0

MCQ 2: Question: While solving the problem of selling price, the following formula is entered in a cell on an Excel sheet as "=(1+A18/100)*A17". What does (1+A18/100) represent? Options: a) The net price b) The trade discount c) The list price d) None of these

Correct option: None of these

MCQ 3: Question: Which of the following functions returns the net present value for a schedule of cash flows that is not necessarily periodic? a) XNPV b) ISPMT c) NPV d) IRR

Correct option: XNPV

MCQ 4: Question: What is the relationship between % Markup on Selling Price and % Markup on Cost? Options: a) Markup on sale = (1+markup on cost)/markup on cost b) Markup on sale = markup on cost/(1+markup on cost) c) Markup on sale = (1+markup on cost) d) Markup on sale = markup on cost/(1-markup on cost)

Correct option: Markup on sale = markup on cost/(1-markup on cost)

MCQ 5: Question: Markdown means a reduction from the... a) Original cost price b) Original price c) Original sale price d) None of these

Correct option: Original price

MCQ 6: Question: If Selling Price = Cost price + (Cost price × %Markup on cost), then the percentage markup on cost is given by the following formula: a) (Selling Price - Cost price)/Cost price * 100 b) (Selling Price - Cost price)/Selling price c) (Selling Price - Cost price)/Selling price * 100 d) (Selling Price - Cost price)/Cost price

Correct option: (Selling Price - Cost price)/Cost price * 100