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MTH302 Midterm Solved Paper Spring 2011

Business Mathematics & Statistics PDF 344 KBUpdated 23 Oct 2026
Midterm past paper MTH302 Midterm Solved Paper Spring 2011 PDF 344 KB
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Midterm past paper
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MTH302 Business Mathematics & Statistics
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PDF 344 KB
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23 Oct 2026
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MTH302 MIDTERM EXAMINATION

Spring 2011

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Q1. A, B and C play cricket. A's runs are to B's runs and B's runs are to C's as 3:2. (1 marks)

They get altogether 342 runs.

How many runs did A make?

  1. 162
  2. 108
  3. 72
  4. 112

Correct answer: 162

Q2. The price of a P4 computer was $12000 last year. What is the price of the computer for this year if the price is decreased by 10%? (1 marks)

  1. $12000
  2. $12500
  3. $10800
  4. $9000

Correct answer: $10800

Q3. Four friends take an IQ test. Their scores are 96, 100, 106, 114. Which of the following statements is true? (1 marks)

  1. The mean is 103.
  2. The mean is 104.
  3. The median is 100.
  4. The median is 106.

Correct answer: The mean is 104.

Q4. Percentage is a ratio of given number with standard number: (1 marks)

  1. 100
  2. Same number
  3. 1000
  4. 10

Correct answer: 100

Q5. The Virtual University of Pakistan is a growing distant learning university of Pakistan. The number of students in the university is increasing each year. The number of registered students in a course related to business math last year was 7113 and it is increased up to 9242 this year. What is the percentage increase in the number of students? (1 marks)

  1. 23%
  2. 30%
  3. 18%
  4. 42%

Correct answer: 30%

Q6. If A and B are any two matrices of order m n (1 marks)

 and p q  respectively and m>n and p<q. What should be the condition on m, n, p, q for the product AB to hold?

  1. n>p
  2. m<=q
  3. q=p
  4. n=p

Q7. The price at which investors buy or sell a share of stock at a given time is referred as (1 marks)

  1. Face value
  2. Market value
  3. Accumulated value
  4. Earning value

Correct answer: Market value

Q8. Gross salary is also called Net salary (1 marks)

  1. True
  2. False

Correct answer: False

Q9. Can we subtract a positive integer k from the identity matrix? (1 marks)

  1. Yes
  2. No

Correct answer: No

Q10. Net price = (1 marks)

  1. List price +trade discount
  2. List price - trade discount
  3. List price /trade discount
  4. List price * trade discount

Correct answer: List price - trade discount

Q11. Division. Symbol: / is a type of (1 marks)

  1. Comparison operators
  2. Concatenation operator
  3. Reference operators
  4. Arithmetic operators

Correct answer: Arithmetic operators

Q12. Given : List Price =5500Rs , Discount = 850Rs, then Net Cost Price will be (1 marks)

  1. 6350 Rs

6350 Rs

  1. 5508 Rs

5508 Rs

  1. 5585 Rs
  2. 4650 Rs

Correct answer: 4650 Rs

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