Basics

This page is about Multiple Choice Questions and Answers for Business Mathematics. The Basic Mathematics MCQs will help the students learn fundamental concepts and enable them to self-assess the core concepts related to mathematics and the application of mathematics in business. Let us start with the Basic Mathematics MCQS test.

This test is about some basic concepts of numbers, fractions, integers, expressions, and basic calculations. It also covers some daily life examples related to fractions and mathematical expression.

This series of Business Mathematics related tests will also help the students to prepare themself for different kinds of examinations related to business studies such as Commerce, Management Sciences, Public Administration, Chartered Accountancy, ICAMP (Institute of Cost and Management Accountants of Pakistan), etc. This test is also useful for the preparation of NTS, FPSC, PPSC, SPSC, CSS, PMS tests, and school, college, or university-related exams.

Basic Mathematics MCQs Test with Answers

• The fraction $\frac{p+q}{q}$ equal
• Which of the following is a fraction
• Which of the following is an improper fraction
• Which of the following is a mixed fraction?
• Which of the following is not an equivalent fraction of $\frac{3}{5}$?
• Person $X$ ate $\frac{3}{5}$ of an orange. The remaining orange was eaten by Person $B$. What part of the orange was eaten?
• Person $A$ worked for $\frac{1}{2}$ hour. Person $B$ worked for $\frac{1}{4}$ of an hour. For how much time did both work together?
• Person $A$ reads $1\frac{1}{2}$ hours daily. Person $B$ reads $\frac{1}{2}$ hours daily. How many hours do they read in one day?
• What is $\frac{1}{4}$ of $5\frac{1}{3}$ of ?
• There are 40 students in a class. $\frac{1}{2}$ of the total number of students are Hindus. The number of Hindus is
• A water bottle contains 2 liters of water. Person $B$ drank $\frac{1}{8}$ of water. How much water did $B$ drink?
• A car runs 20 KM using 1-liter petrol. How much distance will it cover in $1\frac{1}{4}$ liter of petrol?
• In addition and subtraction of two integers, the sign of the answer depends upon
• The sum of two negative integers is always
• The sum of two positive numbers is always
• The product of two negative integers is always
• Write the expression for the statement: The sum of three times $X$ and 11
• Write an expression: Raju’ Father’s Age is 5 years more than 3 times Raju’s age. If Raju’s age is $X$ years, then the father’s age is
• The expression for the sum of numbers $a$ and $b$ subtracted from their product is
• Subtract $a-b$ from $a+b$, the result is

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MCQs about Basic Business and Applied Mathematics for the preparation of Exams related to CA, CIMA, ICMAP, and MBA. MCQs cover many Business-related fields (such as Business Administration, Commerce, and chartered accountancy-related Institutes) in which the subject of Business Mathematics is taught. Let us start with the Basic Mathematics Quiz.

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Basic Mathematics Quiz

• 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
• (Cost Price – Selling Price ) is equal to
• (Selling Price – Cost Price) is called
• 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
• The price at which a particular item is purchased by a shopkeeper is known as
• If the sales price is 672 and the profit is 5%, then the cost price should be
• A trader sold a television for $1500. The price should he sell to get a profit of 20% is
• If the selling price is the selling price, the cost price is the cost price, we get a loss when
• A deduction that is offered on the MP or the list price of items by the seller to the purchaser is called
• A phone was purchased for £4000 and sold for £4800. The profit percentage should be
• Marked price – sales price is equal to
• (Profit  ⁄ Cost Price) $\times$ 100 is equal to
• If the capital of partners is invested for the same length of time, the partnership is said to be none of the above
• (Cost price – Loss) is equal to
• The marked price of a fan is £850, it is sold for £800. The percentage discount allowed is
• (Discount  ⁄  MP) $\times$ 100 is equal to
• (Loss⁄Cost Price) $\times$ 100 is equal to
• If the selling price of an item is greater than its cost price, then we earn
• (Profit + cost) price is equal to
• 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

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