Assignment Business Math@Stat

8/9/2019 Assignment Business Math@Stat

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Assignment (Graded) # 3

MTH302 (Fall 2009)

Total marks: 20Due Date: November 19, 2009

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Solve the assignment on MS word document and upload your word (.doc) files only. Do

not solve the assignment on MS excel. If we get any assignment on MS excel or any format other than word file then it will not be graded.

You should submit your solution file (word documents) in thefollowing form. There is no need to send the question statements

and all of their options. Just fill this table and upload your file .QuestionNumber

Correct Option

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Question 1: Marks: 2

The price of three house items is Rs. 30,000 and series discounts are: 5%, 10%, and 15%.What is the net price?

a) 30,000(1-0.15)(1-0.10)(1-0.05) b) 30,000(1+ 0.15)(1 + 0.10)(1 +0.05)c) 30,000(0.15)(0.10)(0.05)d) 30,000(0.15+ 0.10 + 0.05)

Question: 2 Marks: 2

A shopkeeper reduces the prices of cooking oil per liter from Rs.175 to Rs.150. What will be its markdown in rupees and %markdown?

a) 75 and 16.67% respectively b) 25 and 14.28 % respectivelyc) 25 and 16.67% respectivelyd) 50 and 28.5 % respectively


Saud bought a TV set for Rs.12000. To make a desired profit he needs a 50% markup onselling price. What is his Rs. Markup?

a) Rs. 6000 b) Rs. 8000c) Rs. 12000d) Rs. 4000

Question 4: Marks: 2

Catalogue price of a TV is Rs.10000. How much a customer needs to pay, if twosuccessive discounts of 20% and 20% are available on the TV?

a) 10000 (1 0.2)

b) 10000 (1 0.4)

c) 10000 (0.4)

d) 10000 (1 0.2) (1 0.2)


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A digital camera costing $150 was marked up 60% on the cost. For a July 4 sale, it wasreduced 25%. After the sale, it was marked up 50%. In September it was reduced 20%.

What is the final selling price?

a) $ 225 b) $ 246c) $ 206d) $ 216


Price of an item is Rs.15000 which is available at two successive discounts of 10% and

20% then the single equivalent discount isa) 32%

b) 30%c) 28%d) 25%


A man bought an article for Rs.21. The marked price of the article if the article was soldat 30% discount was-------

a) Rs. 70 b) Rs. 6.30c) Rs. 30d) Rs. 14.70


What is the markup rate on the selling price of an item that is equivalent to a 10% markupon cost?

a) 10% b) 8.2%c) 5.6%d) 9.1%

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If Selling Price of an item is Rs. 1300 and the cost is Rs. 1150, then the margin on thecost is equal to

a) 13.04 %

b) 11.54 %c) 12.05 %d) None of these


Internal rate of return is a ratio in which

a) Benefit cost = 1 b) Benefit cost > 1c) Benefit cost < 1d) None of these

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Assignment Business Math@Stat

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