Business Mathematics & Statistics (MTH302)

1. Gross Salary is same as Take Home Salary.

   1. TRUE
   2. FALSE

2. Round 3.1456 to 3 decimal places.

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

3. 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

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

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

5. 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

6. 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%

7. 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

8. 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) %

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

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

10. 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.

11. 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.

12. 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

13. 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

14. 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

15. 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

16. 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

17. 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

18. 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

Select a course code for Objective Questions:

ACC311 ACC501 BIF101 BIF401 BIF501 BIO101 BIO201 BIO202 BIO203 BIO204 BIO301 BIO302 BIO303 BIO401 BIO503 BNK603 BT101 BT201 BT301 BT302 BT401 BT402 BT403 BT404 BT405 BT406 BT501 BT504 BT505 BT604 CHE201 CHE301 CS001 CS101 CS201 CS202 CS204 CS301 CS302 CS304 CS311 CS401 CS402 CS403 CS408 CS501 CS502 CS504 CS506 CS508 CS601 CS602 CS604 CS605 CS607 CS609 CS610 CS614 CS707 CS710 ECO401 ECO402 ECO403 ECO404 EDU302 EDU401 EDU402 EDU501 EDU601 ENG101 ENG201 ENG301 ENG501 FIN611 FIN624 FIN625 ISL201 IT430 MCM101 MCM301 MGMT623 MGT101 MGT211 MGT301 MGT401 MGT402 MGT501 MGT502 MGT503 MGT510 MGT601 MGT603 MKT501 MKT610 MKT630 MTH101 MTH202 MTH302 MTH501 MTH601 MTH634 PAK301 PHY101 PHY301 PSY101 PSY403 PSY502 PSY512 SOC101 SOC301 SOC401 STA301 STA630 STA641 ZOO102 ZOO401 ZOO501 ZOO502 ZOO503 ZOO504 ZOO505 ZOO506 ZOO510 ZOO630

Select a course code for Subjective Questions:

ACC311 CS001 CS101 CS201 CS301 CS607 CS701 CS702 CS703 CS704 CS707 CS708 CS710 CS711 CS718 CS721 CS724 ECO401 ECO403 ENG101 ENG301 MGT703 MTH501 STA301