MTH302 Solved MCQs Quiz 1 Set 2

Mth302 Business Mathematics Solved MCQs from Quiz 1

Mth302 Business Mathematics Solved MCQs from Quiz 1

The amount added to a cost to arrive at a selling price is ………

Markup margin both markup & margin ( percent on cost

At break even point, the company has a positive cash flow that is …………… after meeting expenses

Slake cash Net cash

if the cost of a certain goods item is Rs. 2400 and its selling price is Rs. 4500 then the markup rate i (4500-2400)/2400 (4500-2400)4500 *100

(4500-2400)/4500

Total marks of Saleem in two subjects are 160. If the ratio of marks in the two subjects is 3 : 5, what will be the marks in two subjects?

50, 110

70, 90 80, 80

A chartered bank is lowering the interest rate on its loans from 9% to 7% what will be the percent decrease in the interest rate on a given loan. elect correct option:

28. 6%
29. 2%
30. 2%

An identity matrix is a ___________ matrix with 1’s on the main diagonal from upper left to lower right and 0’s off the main diagonal. square rectangular column

Discount = ------elect correct option:

Net cost price – List price

List price – Net cost price

List price * Net cost price List price + Net cost price

he salary of an employee is as follows: Basic salary = 10, 0000 Rs. Allowances = 50,000 Rs. Find the % allowances?

10%

50%

30%

Harry made $16,000 last year at his job. He paid 11% in income tax. How much was his tax?

If P=Principal, R=rate percent per annum, T=time in years and I=simple interest then

I= PRT/100

I=PR/T I=PT/R

Convert 60% Markup (MU) on Cost to % Markup on Sale

27. 5%

37.5%

47. 5%
48. 5%

An expression 2x is called

Monomial

Binomial Trinomial Polynomial

List price of an item is Rs.400 but if 50% discount is offered on it then its net price is Rs.100

Rs.200

Rs.400 Rs.300

If the cost of tea bags increases from Rs 85.75 to Rs 90.50. What is the percentage increase?

5.54

6. 65
7. 50
8. 25

Solution of linear equation; 0x+8 = 5

Can never be determined

-3

-13

The amount added to a cost price while calculating a selling price is called

actual price markup

margin

markdown

if basic salary of an employee is 18,000 Rs. What is the total saving of the employee per month on account of provident fund?

3272.73

3272.23 3273.63 3271.45