Basic Mathematics Quiz 2

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.

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