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`1. A car costs \$9595 after 5% discount. What was its actual price?`

• \$10100

• \$10160

• \$10120

• \$10110

`2. 20% of a person's salary goes into his account as savings. He spends 10% of the remaining amount on buying clothes. If he has \$720 as cash left with him, what is his salary?`

• \$500

• \$1000

• \$1500

• \$2000

`3. \$1470 is divided among Adam, Brian and Chris. The share of Adam is two-thirds of the combined share of Brian and Chris. How much money does Adam get?`

• \$388

• \$588

• \$488

• \$288

`4. A company lost 30% by selling its old furniture for \$7000. How many percent would it have gained, had it sold it for \$15000?`

• 50%

• 75%

• 60%

• 65%

## 53 NOT Answered Yet Test Questions:

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`5. A company purchases an asset on April'05. The acquisition cost of the asset is \$90000 and the expected life is 5 years. The residual value at the end of its useful life is \$20000. Calculate the amount of depreciation for 2005, 2006, 2007 using the double declining balance depreciation method.`

• \$28200, \$27200, \$17350

• \$27500, \$25000, \$16210

• \$26000, \$25200, \$16100

• \$27000, \$25200, \$15120

`6. The compound interest earned over 5 years on a certain sum of money is \$1000 at an interest rate of 20% per annum. How much interest would have been earned if simple interest had been charged instead of compound interest?`

• \$471.8

• \$771.8

• \$571.8

• \$671.8

`7. If the true discount on a bill is \$150 and its present worth is \$1500, what will be the banker's gain?`

• \$15

• \$20

• \$25

• \$10

`8. George and Michael start a business by investing \$15000 and \$20000 respectively. Michael leaves the business after 5 months but does not take back his invested amount while leaving. Samuel joins the same business after 5 months by investing \$10000. There is a profit of \$4000 at the end of the year. What is Samuel's share in the profit?`

• \$848.48

• \$858.48

• \$868.48

• \$878.48

`9. George, Michael and Samuel give \$40000 to Peter to start a business. George gives \$5000 more than Michael and Michael gives \$4000 more than Samuel. Out of a total profit of \$10000 from the business, how much does Michael receive?`

• 3150 \$

• 4500 \$

• 3250 \$

• 4100 \$

`10. Find the selling price of an article when the cost price is \$50 and the gain is 20%?`

• \$50

• \$60

• \$70

• \$80

`11. Calculate the composite depreciation rate from the following table:`

• 15%

• 25%

• 35%

• 45%

`12. Calculate the simple interest on a sum of \$5000 at an interest rate of 20% per annum for a period of 1 year.`

• \$2000

• \$1000

• \$1500

• \$500

`13. A banker's discount on \$2000 at 10% is equal to a true discount on \$3000. If the time and the rate are the same, calculate the time.`

• 3 years

• 2 years

• 6 years

• 5 years

`14. The true discount for an amount of \$3100, due 6 months hence is \$100. Calculate the rate percent of interest.`

• 30%

• 25%

• 20%

• 35%

`15. The table consists of the daily sales made individually by 8 salesmen of a company for one week. Calculate the standard deviation of the sales made.`

• 0.71

• 0.51

• 0.61

• 0.73

`16. A shopkeeper sells 10 sweets for \$1 and achieves a gain of 30%. How many sweets did he buy for \$1?`

• 14

• 15

• 13

• 12

`17. If Peter's salary is 50% more than Michael's, by what percent is Michael's salary less than Peter's?`

• 30.3%

• 33.3%

• 32.4%

• 31.4%

`18. If the tax on wooden items is decreased by 30% and the sale increases by 10%, what effect will it have on the company's revenue?`

• It will decrease by 21%

• It will increase by 23%

• It will decrease by 23%

• It will increase by 21%

`19. If the tax on wooden items is decreased by 30% and the sales increase by 10%, what effect will it have on the company's revenue?`

• It will decrease by 21%

• It will increase by 23%

• It will decrease by 23%

• It will increase by 21%

`20. George, Michael and Samuel together give \$40,000 to Peter to start a business. George gives \$5,000 more than Michael gives, and Michael gives \$4,000 more than Samuel gives. Out of a total profit of \$10,000 from the business, how much does Michael receive?`

• \$3,150

• \$4,500

• \$3,250

• \$4,100

`21. The Equated Monthly Installment (EMI) for a certain sum of money is \$212.47. Calculate the loan amount if the rate of interest is 10% for a period of five years.`

• \$5,000

• \$10,000

• \$15,000

• \$20,000

`22. From the venn diagram, calculate the percentage of items common to stationery and promotional items.`

• 6%

• 14%

• 5%

• 11%

• 3%

`23. Adam starts a business with an amount of \$2000. After a few months, Brian joins Adam by investing \$3000. If the profit is equally divided at the end of the year, after how much time had Brian joined the business?`

• 5 months

• 4 months

• 3 months

• 6 months

`24. Which out the following scatter diagrams is likely to represent a complex relationship between two variables?`

• A

• B

• C

• D

`25. In an office comprising 200 people, 25% people are between the age of 20-25 years, 35% between the age of 25-30 years, 30% between the age of 30-35 years and 10% above the age of 35 years. Calculate the total number of people working in the office between the age of 20-30 years.`

• 135

• 120

• 165

• 100

`26. Brian takes a loan of \$20000 from a bank for a period of 2 years. If his EMI is \$904.5, calculate the annual rate of interest at which he took the loan.`

• 6%

• 7%

• 8%

• 9%

`27. Calculate the median from the following table:`

• 90

• 75

• 29

• 56

`28. Which method of computing depreciation determines that the depreciation of an asset is more when it is new and decreases as the asset becomes old?`

• The depleting method

• The descending method

• The declining method

`29. The table consists of the incentives achieved by the employees in an organization. Calculate the mode.`

• 90

• 81

• 30

• 94

`30. What happens to the purchasing power of money when the prices rise?`

• It increases.

• It decreases.

• It remains the same.

• It either rises or falls depending upon government expenditure.

`31. The EMI for a certain sum of money is \$212.47. Calculate the loan amount if the rate of interest is 10% for a period of 5 years.`

• \$5000

• \$10000

• \$15000

• \$20000

`32. Calculate the compound interest earned over a period of 6 months on \$30000 at an interest rate of 20% per annum. The interest is compounded quarterly.`

• \$3075.50

• \$3207.50

• \$3107.50

• \$3007.50

`33. The true discount on a bill due 5 months hence at a discount of 10% per annum is \$2000. Calculate the amount of the bill.`

• \$40000

• \$45000

• \$55000

• \$50000

`34. How much will be the gain if the cost price of an article is \$9 and its selling price is \$11?`

• \$1

• \$4

• \$3

• \$2

`35. The value of a machine is \$10000. What will be its worth after 2 years if the value depreciates at 15% per annum?`

• \$4225

• \$5225

• \$6225

• \$7225

`36. There are 3 salesmen in the sales team of a company. Adam achieved a sale of \$500. The ratio of Adam and Brian's sale is 1:2. The ratio of Brian's sale to that of Chris is also 1:2. How much did Chris contribute to the sale?`

• \$500

• \$1000

• \$2000

• \$3000

`37. Adam, Brian and Charlie start a business by investing \$1400. Together Adam and Brian are supposed to do three seventh of the work in the business. What was Charlie's share at the start of the business?`

• \$700

• \$800

• \$900

• \$1000

`38. The ratio of the price of a car and a motorcycle is 5:4. If the car costs \$5000 more than the motorcycle, what is the price of the motorcycle?`

• \$20000

• \$22000

• \$21000

• \$21500

`39. Those assets which are used for more than one year are __________ assets.`

• sizable

• permanent

• durable

• capital

`40. If there is a 20% decrease in the demand for a product due to an increase of 20% in the price, the demand is:`

• elastic.

• unit elastic.

• inelastic.

• perfectly elastic.

`41. The following is a group of problems occurring in an office which has been analyzed by the office in-charge. If the in-charge does the pareto analysis, what is the percentage of problems which need to be solved on an urgent basis?`

• 45%

• 50%

• 60%

• 75%

`42. The simple interest on a true discount of \$100 for 3 years at a particular rate is \$200. Calculate the sum.`

• \$100

• \$200

• \$300

• \$400

`43. Depreciation expense is:`

• original cost - accumulated depreciation.

• original cost - salvage value.

• depreciable cost / total units of production.

• depreciation per unit / units produced during the year.

`44. A man sold his television for \$160 and he suffered a loss of 20%. At what price should he have sold the television to have earned a gain of 20%?`

• \$140

• \$160

• \$240

• \$260

`45. Adam and Brian start a business by investing \$50000 and \$100000 respectively. They decide that they will divide the profit proportionate to their investment. If there is a profit of \$18000, what is Brian's share?`

• \$10000

• \$11000

• \$12000

• \$14000

`46. The present worth of a bill due 4 years hence at 8% discount for \$10000 is \$7575.8. Calculate the true discount?`

• \$2424.2

• \$2445.53

• \$2434.44

• \$2334.37

`47. Mr. Smith and Mr. Peter are business partners. They agree to divide the annual profits in the ratio 5:6. If Mr. Peter's share is \$30,000, what is the total amount to be shared between the two partners?`

• \$55000

• \$25000

• \$70000

• \$65000

• \$35000

`48. From the table, calculate the percentage of increase in business meetings during the month of June as compared to the meetings in February.`

• 50%

• 100%

• 150%

• 200%

`49. In which out of the following depreciation techniques does the company generate revenue and also estimate the asset value?`

• Straight line method

• Declining balance method

• Activity depreciation method

• Units of production depreciation method

`50. How much will be the percentage of loss on an article if the cost price is \$10 and the selling price is \$8?`

• 20%

• 30%

• 25%

• 35%

`51. At the end of season sale, a company decided to hike the price of an automobile by 20%. By what percentage should the company decrease the new price in order to restore the original price?`

• 12.6%

• 19.6%

• 14.6%

• 16.6%

`52. A piece of equipment, which was calculated to have 3 years of life, was purchased by a company in March 2005 for \$80000. After 3 years, the residual value shall be \$20000. Calculate the depreciation expenses for 2005, 2006 and 2007 using the straight line depreciation method.`

• \$20000, \$20000, \$20000

• \$16666.6, \$25000, \$27000

• \$20000, \$16666.6, \$20000

• \$16666.6, \$16666.6, \$20000

`53. The cost of making a table is divided between materials, workers and transporters in the ratio of 5:6:1. If the cost of the table is \$312, what will be the material cost of the table?`

• \$100

• \$110

• \$120

• \$130

```54. Find out the missing number in the following:
9/5 : 7/4 : : 3/5 : ______```

• 18/16

• 28/48

• 34/55

• 66/35

`55. Calculate the compound interest compounded half yearly for 1 year on \$10000 at an interest rate of 6% per annum.`

• \$509

• \$590

• \$609

• \$690

`56. Andy takes a loan of \$10000 from a bank for a period of 3 years at 10% annual rate of interest. Calculate his EMI(Equated Monthly Installment).`

• \$323

• \$423

• \$223

• \$523

`57. Adam and Brian start a business. Twice the investment made by Adam is equal to thrice the investment of Brian. Calculate Brian's share if there is a profit of \$2500 in the business.`