Tag: Proft

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 – Loss) is equal to


2. 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


3. 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


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


5. (Selling Price – Cost Price) is called


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


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


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


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


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


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


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


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


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


15. Marked price – sales price is equal to


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


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


18. 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


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


20. (Profit + cost) price is equal to


Mathematics of Finance

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