Basic Mathematics – 1

MCQs about Basic Business and Applied Mathematics for the preparation of Exams related to CA, CIMA, ICMAP, and MBA. MCQs covers many Business related fields (such as Business Administration, Commerce, and Charted Accountancy related Institutes) in which the subject of Business Mathematics is taught.

This quiz covers topics related to Business and Applied mathematics such as selling price, revenue, cost, profit, retail price, marked price, rates, ratio, and basic arithmetics, etc.

1. (Cost Price – Selling Price ) is equal to


2. If the capital of partners are invested for the same length of time, the partnership is said to be
none of the above


3. The price at which a particular item is purchased by a shopkeeper is known as


4. (Discount  ⁄  MP) $\times$ 100 is equal to


5. A deduction that is offered on the mp or the list price of items by the seller to the purchaser is called


6. If the selling price of an item is greater than its cost price, then we earn


7. (Loss⁄Cost Price) $\times$ 100 is equal to


8. Sara and Ali earned a profit of $500,000 from a business and their ratio of investment was 5:8, respectively. The profit of each should be


9. A trader sold a television for $1500. The price should he sell to get a profit of 20% is


10. A phone was purchased for £4000 and sold for £4800. The profit percentage should be


11. (Profit + cost) price is equal to


12. If the sales price is 672 and the profit is 5%, then the cost price should be


13. During the sale, a shop offers a discount of 8% on the marked price. If the marked price is $5500, then the purchase price of an oven should be


14. (Profit  ⁄ Cost Price) $\times$ 100 is equal to


15. (Selling Price – Cost Price) is called


16. The marked price of a fan is £850, it is sold for £800. The percentage discount allowed is


17. The annual income of a person is £530,000 and the exempted amount is £280,000. The income tax payable at the rate of 0.75% would be


18. Marked price – sales price is equal to


19. If the selling price is selling price, the cost price is cost price, we get a loss when


20. (Cost price – Loss) is equal to


Mathematics of Finance

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