MTH302 Midterm Solved MCQs with References by Jibraan

MIDTERM EXAMINATION

MTH302- Business Mathematics

Q1. Store A marked down a $ 50 perfume to $ 40 with markdown of $10 (1 marks)

The % Markdown is

1. 10%
2. 20%
3. 30%
4. 40%

Correct answer: 20%

Q2. Given Net price of shirt = $20 , Discount = 10% ,List price will (1 marks)

1. $22
2. $24
3. $26
4. $30

Correct answer: $22

Q3. Which is the correct syntax for the determinant of a matrix given by the following array (1 marks)

1. =DETERM(B4:E7)
2. =MDTERM(B4:E7)
3. =MDETERM(B4:E7)
4. =MDETERM(B4;E7)

Correct answer: =MDETERM(B4:E7)

Q4. VDB returns the depreciation of an asset for (1 marks)

1. Zero period
2. One period
3. Two period
4. Any arbitrary period

Correct answer: Any arbitrary period

Q5. If the cost & selling price of a pen are Rs.12 & Rs.15 respectively, profit percentage is: (1 marks)

1. 33.33%
2. 25%
3. 20%
4. 10%

Correct answer: 25%

Q6. This example returns the depreciation for an asset that costs Rs. 10,000, with a salvage value of $8,000. The useful life of the asset is 5 years. The depreciation is being calculated for the third year, and there are 10 months in the first year. (1 marks)

1. =DB (10000, 5, 8000, 3, 10)
2. =DB (10000, 8000, 5, 10, 3)
3. =DB (10000, 8000, 5, 3, 10)
4. =DB (10000, 8000, 10, 3, 5)

Correct answer: =DB (10000, 8000, 5, 3, 10)

Q7. Which of the following functions is not related to financial analysis? (1 marks)

1. AMORDEGRC
2. AMORLINC
3. CUMIPMT
4. MDETERM

Correct answer: MDETERM

Q8. (2) ^ -2 = ) 0.25…….. (1 marks)

Q9. Dimension of a matrix means (1 marks)

1. 
2. Column space
3. 
4. Row space
5. 
6. Order of the matrix
7. 
8. None of these

Q10. (1 marks)

1. If there is a -30% change in the price of an item, what does the negative sign show? 
2. The price is increasing.
3. 
4. The price is decreasing.
5. 
6. The price has low rate of change.
7. 
8. None of the above.

Correct answer: The price is decreasing.

Q11. According to taxation rules; the amount of allowances is treated tax free if it is upto 50% of the basic salary. (1 marks)

Q12. Write a formula to find the simple interest (I) if $5000 is invested at 4% for 2 years. (1 marks)

1. 
2. I=PRT
3. 
4. I=P+R+T
5. 
6. I=PT
7. 
8. I=P(R+T)