MTH302 Midterm Solved MCQs by Inspire

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If the price of an English novel decreases from Rs 255.50 to Rs 230.25. What is the percentage decrease?

• 8.9 %
• 9.9 %
• 10.9%
• 11.9 %

If the basic salary is Rs 6500 and the social charges are Rs 1820, what percentage of basic salary are the social charges?

• 27 %
• 28 %
• 29 %
• 30 %

You invested $500 and received $650 after three years. What had been the interest rate?

• 20%
• 30%
• 10%
• 25%

After the merchant buys merchandise, it is sold at a higher price called the _______

• Sale price
• Revenue discount
• Selling price

The price at which the product should be sold to the consumer is called the _______ price.

• Retailer’s
• List
• Manufacture’s
• Raw material

Total Provident Fund added to the employee’s fund is ----------------- of the basic salary.

• 1 / 11 th
• 2 / 11 th
• 9.09 %
• 9.99%

Which statement is true?

• Social charges comprise the leaves, group insurance and medical.
• Social charges comprise House rent and conveyance allowance.
• Social charges comprise gratuity and provident funds.
• Social charges comprise employee’s children’s education, club membership only.

What will be the base of 25% rate and percentage is 65?

• 216
• 250
• 260

Which of the following percent is Conveyance Allowance of the basic salary?

• 2.5%
• 45%
• 5%

If 25 is decreased to 12,then percentage decrease will be

• 50
• 51
• 52

According to the local laws, the allowances are considered tax free if they are up to

• half of the basic salary
• one fourth of the basic salary
• one third of the basic salary
• 55% of the basic salary

Amount of discount is obtained as

• Percentage of Discount x List Price
• Percentage of Discount / List Price
• Percentage of Discount - List Price

The formula for Net Price =

• L(d-1)
• L/(1 - d)
• L(1 - d)

Interest calculated upon the principal amount added to the interest on it is called ……

• Annual interest per year
• Semi annual interest

This example returns the depreciation for an asset that costs Rs. 10,000, with a salvage value of $6,000. The useful life of the asset is 4 years. The depreciation is being calculated for the first year, and there are 12 months in the first year.

• =DB (10000, 6000, 4, 1, 12)
• =DB (10000, 6000, 4, 12, 1)
• =DB (6000, 10000, 4, 12, 1)
• =DB (10000, 6000, 4, 1, 1)

Transformation of as a percent is

• 5.33%
• 18.75%
• 0.001875
• 0.1875

If A is the matrix of dimension 2 × and I is the identity matrix of dimension 3 × . Then which of the following is true

• AI = I
• AI = A
• A + I = A
• A + I = I

Interest paid (earned) on both the original principal borrowed (lent) and previous interest earned is often referred to as

• future value
• present value

If A= [a b c] is a matrix then in order to find AB, the number of columns B must have are

• 3
• 1
• 2
• any non zero number

3x2 + 5x – 7 is --------------- expression.

• Monomial
• Binomial
• Trinomial
• Linear

If the principal P is 900 rupees, time period is 6 years and rate is 12% then the simple interest will be

• 648
• 658
• 668
• 678

One kg apples cost Rs. 12. They are sold at the markup of %. The selling price is ------------

• 13.50
• 12.50
• 11.50
• 14.50