Tag: Selling Price

Basic Mathematics – 1Basic Mathematics – 1

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.

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. (Selling Price – Cost Price) is called


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


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


5. 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


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


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


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


9. 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


10. (Profit + cost) price is equal to


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


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


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


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


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


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


17. 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


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


19. Marked price – sales price is equal to


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


Mathematics of Finance

Visit for MCQs about Basic Mathematics