MTH 302, Quizes by CH Salman Rasul Jattala: Both Markup & Margin

MTH 302,QUIZES BY CH SALMAN RASUL JATTALA
salmanjattala@yahoo.com
Mth302 - Business Mathematics (Online quiz # 1) 1
The amount added to a cost to arrive at a selling price is ………

Select correct option:
Markup
margin
both markup & margin
percent on cost
At break even point, the company has a positive cash flow that is …………… after meeting expensesSelect correct option:
Surplus cash
Slake cash
Net cash
None of these
f the cost of a certain goods item is Rs. 2400 and its selling price is Rs. 4500 then the markup rate iselect correct option:
(4500-2400)/2400
(4500-2400)4500 *100
(4500-2400)/2400*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? Select correct option:
50, 110
60, 100
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%
27.2%
22.2%
None of these
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
none of these
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? Select correct
option:
10%
50%

1
30%
None of these
Harry made $16,000 last year at his job. He paid 11% in income tax. How much was his tax? Select correct option:
176
16011
1760
4500
If P=Principal, R=rate percent per annum, T=time in years and I=simple interest thenSelect correct option:
I= PRT/100
I=PR/T
I=PT/R
None of these
Convert 60% Markup (MU) on Cost to % Markup on SaleSelect correct option:
27.5%
37.5%
47.5%
57.5%
An expression 2x is calledSelect correct option:
Monomial
Binomial
Trinomial
Polynomial
List price of an item is Rs.400 but if 50% discount is offered on it then its net price isSelect correct option:
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? Select correct option:
5.54
6.65
7.50
8.25
Solution of linear equation; 0x+8 = 5Select correct option:
Can never be determined
-3
-13
The amount added to a cost price while calculating a selling price is calledSelect correct option:
actual price
markup
margin
markdown

2
f basic salary of an employee is 18,000 Rs. What is the total saving of the employee per month on account of provident fund? Select
correct option:
3272.73
3272.23
3273.63
3271.45
If x + 2 : 2 = x : 3, then x =?Select correct option:
2
-3
-6
let L be the list price and d represent the percentage discount, then the Amount of discount is = ……elect correct option:
d*L
d/L
d +L
L/d
Question # 3 of 10 ( Start time: 06:33:37 PM ) Total Marks: 1

Solution of linear equation; 0x+8 = 5
Can never be determined
-3
0
-13
The rate at which the calculations are made is called
Discount factor
Discount Rate
Discount Value
Non
After the merchant buys merchandise, it is sold at a higher price called the-------
Cost price
Revenue discount
Mark down
None of these
Dividends, payments on the installments purchases, payments on the rent, interest payments on the bonds, mortgage payments
and premium on insurances are all the examples of
Simple interest
Compound interest
Gratuities
Annuity
The algebraic expression: x2+xy-6y2 is an example of
Trinomial
Binomial
Both trinomial and Polynomial
Both Binomial and Polynomial
What shall be compound intrest earned on Rs.750 invested at 12% per annum for 8 years.
Rs.1857
Rs.750

3
Rs.1107
None of these
Any matrix in which numbers of rows and columns are equal is called …….. matrix.
Identity
triangular
Diagonal
Square
The formula FV (ordinary Annuity) = C * [(1 + i)n – 1/i] is used to find the value of
Future value of the annuity
Accumulation factor
Amount of annuity
Non of above
Q: Convert 50% Markup on Sale to % Markup on Cost.
50%
100%
150%
200%
Q:The Earning per share is the total profits of a company divided by the
annual dividend
number of shares
market value per share
earning per share
Q: The unknown value in the proportion: 2: x = 3: 9, is ….
5
6
7
8
Q: House rent, both utilities and conveyance allowances, both gratuity and provident funds are ------------------- of basic salary
respectively.
45%, 2.5%, 9.09%
50%, 1.5%, 9.05%
55%, 2.25%, 8.09%
40%, 3.5%, 8.08%
Q:Nauman earned 8% profit on investment of 1000 Rs and in the next deal he has a lost of 8% on the earned amount. What is his
original amount now?
1000
993.6
1004
None of these
Sent at 18:52 on Thursday
Q: If 2.5 : 7.5 = 3.7 : x, then x = ?
10.10
11.10
12.10
13.10
Q: In Excel, if we write 4 in A5 cell & 9 in B5 cell, then formula is
“=A5 + B5”
“=B5 + A5”
both (i)&(ii)
none
Q: “=A5 + B5”
“=B5 + A5”
both (i)&(ii)
none
Q:Solve the following algebraic expression [X^2-1] / [x^3 -1]
[x+1] / [x^2+x+1]
[x+1] / [x^2-x+1]
[x-1] / [x^2-x+1]
None of these
Q: If the basic salary of an employee of a company is Rs.14000, then his/her provident fund is
Rs.2425.45
Rs.2545.45
Rs.2525.45
None of these
Q: One dozen bananas cost Rs. 15. They are sold at the markup of 12%. The selling price is -----

4
16.8
15.8
14.8
17.8

Identity matrix is also a ……….. matrix
Square
triangular
Diagonal
Both (i)&(iii)
The unknown value in the proportion: 2: x = 3: 9, is ….
5
6
7
8
6

The trade discount is calculated by ------------------------
dL
d-L
d+L
d - dL
If Ali buys pencil 3 Rs. and sell it at price 3.5 Rs. What is percent markup on selling price?
14.1
14.3
14.5
None of these
In the word BALLOONS, the ratio of vowels to consonants is
3/5
3/8
5/3
8/5
After the new admission to the school, there is an increase of 30 percent of students. If the total number of students is now 1200,
what were total students before admission?
823
923
1023
1123
A matrix is a _________ array of numbers.
square
triangular
rectangular
none of these
The value of the unknown x in the proportion 2:x=3:9 is given by
6
3
1/3
2
A businessman pays an amount of Rs. 3000 to purchase for certain item and sells it at Rs. 3750. Then Mark up rate of the
businessman is?

5
32%
31%
30%
25%
If P=principal,R=rate of intrest per annum, T=time in years and I=simple intrest then I=
P.R/T
PR/T*100
PRT/100
None of these
If the basic salary of an employee is Rs.14,000 then the utility allowances are ………
Rs.1400
Rs.700
Rs.350
None of these
If the basic salary of an employee is Rs.14,000 ,then his/her house rent allowance is………
Rs.4500
Rs.5600
Rs.6300
None of these
For a product, if its list price is Rs.500 at the discount rate of 25% then its net cost price is
Rs.375
Rs.125
Rs.625
Rs.525
The value of unknown x in the proportion 2x : 2 = (x+1) : 5 is
1/4
1/2
4
5/2
The value of (25) ^ -1/2 is....
0.5
0.4
0.3
0.2
Invoice was dated December 1st. The terms 3/15 mean that 3% discount is offered if invoice is paid up to 15th December. What is
the net payment for invoice value of Rs. 35,000 if paid up to 15th December
Rs. 34950
Rs. 33950
Rs. 32950
Rs. 31950
For Rs. 1630 you can purchase a 7-year ordinary annuity that will pay you a yearly payment of Rs. 430 for 7 years. The compound
annual interest rate implied by this arrangement is closest to
8%
10%
9%
11%
If the order of a matrix A is 3X3,what shall be order of its inverse?
2X2
3X3
2X3
none of these

6
The salary of an employee is as follows: Basic salary = 20,000 Rs. Allowances = 5,000 Rs. What is the cost on account of casual
leaves per year if normal working days per month is 22?
6818.1Rs.
20454.5Rs.
13636.4Rs.
34090.9Rs.
The rate at which the calculations are made is called
Discount factor
Discount Rate
Discount Value
Non
1-The unknown value in the proportion: 2: x = 3: 9, is ….

5
6
7
8
2-In 3 years you are to receive Rs. 8,000. If the interest rate were to suddenly increase, the present value of that future amount to
you would
fall
rise
remain unchanged.
cannot be determined without more information
3-15% of the price of a shirt is increased. If the change in the price of the shirt is Rs 25, what is the original price?
Rs 150.5
Rs 166.7
Rs 175.5
Rs 180.5
4-Tanveer’s flower business sells floral arrangements for Rs.35.To make his desired profit; Tanveer needs a 40% markup on selling
price. What do floral arrangements cost Tanveer?
Rs.21
Rs.30
Rs.25
None of these
5-How many basic mathematical operations are used?

2
3
4
5
6-Harry made $16,000 last year at his job. He paid 11% in income tax. How much was his tax?
176
16011
1760
4500
7-If I is the identity matrix of dimension 10 then how many rows and columns a matrix A may have provided that IA = A
10 number of rows & arbitrary number of columns
arbitrary no. of rows & columns
Strictly ‘10’ no of rows & ‘10’ no of columns
10’ no. of columns & arbitrary no. of rows

7
8-A Range which starts from A1 and ends at D15 is referenced by...
A1:D15
D15:A1
both (i)&(ii)
none
9-What is the formula for money accrued after n years.

S= P(1+r*100)^n
S=P(1+r/100)^n
S= P( 1+100/r)^n
None of these
10-Returns the interest payment for an investment for a given period?

ISPMT
NPER
IPMT
None of these.
Quiz Start Time: 05:10 PM Time Left 47

sec(s)

If A, B and C are matrices with orders 3×3, 2×3 and 4×2 respectively, then which of the following set of operations are possible?
4B, A + B, B+C, AB, CB, CBA

4B, CB, CBA
A + B, B+C, CB, CBA
4B, CB, CBA

sec(s)

If 5x/2 = 9y/2 then, the ratio x: y = ……
9:4
9:5
9:2
9:6

sec(s)

The determinant of a matrix always exist
For square matrices only

For rectangular matrices only
For horizontal arrays only
For vertical arrays only

sec(s)

8
Sum of annuity is always
Present value
Current value
Net present value
None of these

sec(s)

The difference between revenue and cost is called the
Net present value

Net income
Net Cash flow
None of these

sec(s)

Order of a matrix =_________________.
number of rows X number of columns

number of columns X number of rows
number of rows – number of columns
none of these

sec(s)

In a Proportion, a : b : : c: d , The product of ……….
Means and extremes must be equal

Means must be greater than extremes
Extremes must be greater than mean
None of these

sec(s)

In order to stimulate the demand, the deduction in original sale price of an item is called
discount
markup
retail price
markdown

sec(s)

9
Percent is an Excel operator.
True
False
MTH 302 ONLINE QUIZE # 4
Question no 1. The contribution margin per unit is an item's selling price minus the item’s..........
• Fixed costs
• Variable costs
• Both variable costs & fixed costs.
• Net sales.
Question no 2. Contribution Margin is the amount that can be calculated by deducting Variable Cost from
• Contribution rate
• Net sale
• Net income
• None of these.
Question no.3 ………………is the value at the end of depreciation.
• Salvage
• Asset
• Cost
• None of these.
Question no.4 Difference between IRR and XIRR is that -------------------------------
• IRR needs regular interval, but XIRR does not need regular intervals
• XIRR does not calculate Internal Rate of Return, as IRR does.
• The schedule cash flows are needed for IRR only.
• None of these
Question no.5 ……… is the number of periods over which the asset is depreciated.
• Life
• Asset
• Interval
• none of these
http://groups.google.com/group/vuZs
Question no.6 If Variable Cost is Rs.120 and contribution margin is Rs 30, then sale will be ------------------------
• 120
• 130
• 140
• 150

10
Question no.7 Which of the following function returns the depreciation of an asset for a specified period.
• DDB
• DB
• IRR
• MIRR
Question no.8 SLN is for depreciation of
• Asset
• Profit
• Loss
• Capital
Question no. 9 Contribution margin in Rs. Is equal to
• =(CM/FC)
• =(FC/CM)*S
• =(S-FC)*CM
• = (CM-S)*FC.
•
MTH 302 QUIZE # 5
The regression equation should only used

When there is significant linear correlation
When there is significant mluticorrelation
When there is significant quadratic correlation
When there is significant simple correlation
•
• In the central tendency Mean, Median and Mode
Mean is better than Median
Median is better than Mode
Mean is better than Mode
All of these are true
•
• The degree to which numerical data tend to spread about an average is called
The dispersion
Standard deviation
Correlation
None of these
•
• …………..graphs are similar to bar graphs.
column
line
conversion
sector
•
• A pattern of variation of a time series that repeats every year is called:
Cyclical
Seasonal
Trend
Secular
•

11
• If the values of variables are increasing or decreasing in the same direction then such kind of correlation is referred as
Zero Correlation
Perfect Correlation
Positive Correlation
Negative Correlation
•
•
• The moving averages of the Prices 55,60,65,70 are
70, 75
60, 65
65,65
70,60
•
• The best measure of variation is
Range
Quartile deviation
Variance
Coefficient of variance
•
• In the scatter diagram, clustering of points around a straight line indicates
linear regression
non-linear regression
curvilinear regression
none of these
•
• Ms. Christian calculated a correlation coefficient of .75. Which of the following reflects the best interpretation of this?
Weak negative.
Strong negative.
Weak positive.
Strong positive.

12

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MTH 302,QUIZES BY CH SALMAN RASUL JATTALA

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

both markup & margin

List price – Net cost price

List price * Net cost price

List price + Net cost price

Question # 3 of 10 ( Start time: 06:33:37 PM ) Total Marks: 1

Question # 1 of 10 ( Start time: 07:01:59 PM ) Total Marks: 1

Question # 3 of 10 ( Start time: 07:03:02 PM ) Total Marks: 1

1-The unknown value in the proportion: 2: x = 3: 9, is ….

5-How many basic mathematical operations are used?

9-What is the formula for money accrued after n years.

10-Returns the interest payment for an investment for a given period?

Quiz Start Time: 05:10 PM Time Left 47

Question # 1 of 10 ( Start time: 05:10:48 PM ) Total Marks: 1

4B, A + B, B+C, AB, CB, CBA

Quiz Start Time: 05:10 PM Time Left 86

Question # 2 of 10 ( Start time: 05:12:04 PM ) Total Marks: 1

Quiz Start Time: 05:10 PM Time Left 85

Question # 3 of 10 ( Start time: 05:12:53 PM ) Total Marks: 1

For square matrices only

Quiz Start Time: 05:10 PM Time Left 85

Question # 4 of 10 ( Start time: 05:13:03 PM ) Total Marks: 1

Quiz Start Time: 05:10 PM Time Left 84

Question # 5 of 10 ( Start time: 05:14:32 PM ) Total Marks: 1

Net present value

Quiz Start Time: 05:10 PM Time Left 86

Question # 6 of 10 ( Start time: 05:15:24 PM ) Total Marks: 1

number of rows X number of columns

Quiz Start Time: 05:10 PM Time Left 84

Question # 7 of 10 ( Start time: 05:15:37 PM ) Total Marks: 1

Means and extremes must be equal

Quiz Start Time: 05:10 PM Time Left 61

Question # 8 of 10 ( Start time: 05:15:48 PM ) Total Marks: 1

Quiz Start Time: 05:10 PM Time Left 79

Question no.3 ………………is the value at the end of depreciation.

Question no.4 Difference between IRR and XIRR is that -------------------------------

Question no.8 SLN is for depreciation of

Question no. 9 Contribution margin in Rs. Is equal to

The regression equation should only used

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