In the name of ALLAH, the most beneficient, the most merciful

Business Mathematics & Statistics (MTH302)

Multiple Choice Questions (MCQs)

 

Objective Questions

Question

Gross Salary is same as Take Home Salary.

  1. TRUE
  2. FALSE

Answer: 2 Chapter No. 1 

Question

Round 3.1456 to 3 decimal places.

  1. 3
  2. 3.14
  3. 3.146
  4. 3.145

Answer: 3 Chapter No. 4 

Question

If the data collected from a factory in three shifts; morning, afternoon and evening for four days. Then average of one day is known as

  1. Moving Average
  2. Weighted average
  3. Both 1 and 2
  4. None of the given

Answer: 2 Chapter No. 4 

Question

Increase 60 by 20%, then increased value is ________.

  1. 74
  2. 75
  3. 72
  4. 73

Answer: 3 Chapter No. 5 

Question

A company gives 29% of gross salary as social charges to its employee. If social charges worth 377Rs, what is employee's GROSS SALARY?

  1. 377×100/29
  2. 377/29
  3. 29/(377×100)
  4. 29/377

Answer: 1 Chapter No. 5 

Question

Ahmed got 65 marks in mathematics in the first term exam. If he gets 80 marks in the mid term exam in the same subject, what is the percentage increase in the marks?

  1. 20.50%
  2. 23.10%
  3. 25.50%
  4. 26.20%

Answer: 2 Chapter No. 5 

Question

If a stock broker buys 200 shares at the rate of Rs.50 per share with a 3% commission then calculate his total cost

  1. 10,000
  2. 300
  3. 10,300
  4. 9,700

Answer: 3 Chapter No. 5 

Question

Which of the following convert 0.4 to percent?

  1. (0.4 / 100) %
  2. (0.4 × 100) %
  3. (0.4 + 100) %
  4. (0.4 - 100) %

Answer: 2 Chapter No. 5 

Question

Find Simple Interest for 3 years at a rate of 5% on $2,000.

  1. $30
  2. $300
  3. $2,300
  4. $3,000

Answer: 2 Chapter No. 6 

Question

If a matrix B with dimension 3x1. Then, which of the following is true for B?

  1. It is a row matrix.
  2. It is a square matrix.
  3. It is a column matrix.
  4. It is an identity matrix.

Answer: 3 Chapter No. 9 

Question

If A and B are two square matrices. Then, at what condition they are the inverses of each other?

  1. If their products, in both orders, is a rectangular matrix.
  2. If their products, in both orders, is an identity matrix.
  3. If their products, in both orders, is a scalar matrix.
  4. If their products, in both orders, is a zero matrix.

Answer: 2 Chapter No. 10 

Question

The price of a car is Rs. 400000. The manufacturer offers a 20% trade discount. Then net price is

  1. 320000
  2. 310000
  3. 300000
  4. None of the given

Answer: 1 Chapter No. 12 

Question

If the net price of a printer is Rs. 2000 after 20% trade discount. Then what is the list price?

  1. Rs. 1600
  2. Rs. 1667
  3. Rs. 2100
  4. Rs. 2500

Answer: 4 Chapter No. 12 

Question

A television sells for Rs 3200, if there is 60% markup on selling price then the cost of the television is

  1. 1280
  2. 1160
  3. 1500
  4. 1560

Answer: 1 Chapter No. 13 

Question

If the cost of a certain goods item is Rs. 2400 and its selling price is Rs. 4500 then the markup rate is

  1. (4500-2400)/2400
  2. (4500-2400)4500 *100
  3. (4500-2400)/2400*100
  4. (4500-2400)/4500

Answer: 3 Chapter No. 13 

Question

A coat that cost 1700 Rs.To make the desired profit, 60% Markup on cost is needed. What is its Selling price?

  1. 2120 Rs
  2. 2520 Rs
  3. 2720 Rs
  4. 2920 Rs

Answer: 3 Chapter No. 13 

Question

While solving the problem of selling price, following formula is entered in a cell on excel sheet as “=(1+A18/100)*A17”,where

  1. (1+A18/100) is the multiplication factor.
  2. (A18/100) is the %markup in fraction
  3. Both (a) and (b) are correct
  4. Both (a) and (b) are incorrect

Answer: 3 Chapter No. 13 

Question

Contribution rate is equal to

  1. Contribution Margin per unit /Cost price per unit * 100
  2. Contribution Margin per unit /Sale price per unit*100
  3. Contribution Margin per unit /List price per unit*100
  4. Contribution Margin per unit /Purchase price per unit * 100

Answer: 2 Chapter No. 20