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

### Question

Round 3.1456 to 3 decimal places.

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

### 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

### Question

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

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

### 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

### 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%

### 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

### 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) %

### 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

### 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.

### 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.

### 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

### 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

### 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

### 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

### 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

### 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

### 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