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and all of their options. Just fill this table and upload your file.
Question Correct Option
Number
1 a
2 b
3 c
4 d
5 d
6 c
7 c
8 d
9 a
10 a
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?
Solution:
Question: 3 Marks: 2
Saud bought a TV set for Rs.12000.To make a desired profit he needs a 50% markup on
selling price. What is his Rs. Markup?
a) Rs. 6000
b) Rs. 8000
c) Rs. 12000
d) Rs. 4000
Answer:
S= 12000 + 0.5 S
S- 0.5S=12000
0.5S=12000
S =12000/0.5
S=24000
Therefore, selling price=Rs.24000
Markup= 0.5 S
=0.5(24000)
=Rs.12000
Question 4: Marks: 2
a) 10000 × (1 − 0.2)
b) 10000 × (1 − 0.4)
c) 10000 × (0.4)
d) 10000 × (1 − 0.2) × (1 − 0.2)
Solution:
100 − 20 100 − 20
Amount paid for TV = 10000 × × = Rs.6400
100 100
Question: 5 Marks: 2
A digital camera costing $150 was marked up 60% on the cost. For a July 4 sale, it was
reduced 25%. After the sale, it was marked up 50%. In September it was reduced 20%.
What is the final selling price?
a) $ 225
b) $ 246
c) $ 206
d) $ 216
Solution:
Question: 6 Marks: 2
Price of an item is Rs.15000 which is available at two successive discounts of 10% and
20%, and then the single equivalent discount is
a) 32%
b) 30%
c) 28%
d) 25%
Question: 7 Marks: 2
A man bought an article for Rs.21. The marked price of the article if the article was sold
at 30% discount was-------
a) Rs. 70
b) Rs. 6.30
c) Rs. 30
d) Rs. 14.70
Question: 8 Marks: 2
What is the markup rate on the selling price of an item that is equivalent to a 10% markup
on cost?
a) 10%
b) 8.2%
c) 5.6%
d) 9.1%
.
Question: 9 Marks: 2
If Selling Price of an item is Rs. 1300 and cost is Rs. 1150, then the margin on the cost is
equal to
a) 13.04 %
b) 11.54 %
c) 12.05 %
d) None of these
Solution:
Margin or Markup on cost= Selling price – Cost price ×100% =150/1150* 100= 13.04
Cost price
Question: 10 Marks: 2
a) Benefit cost = 1
b) Benefit cost > 1
c) Benefit cost < 1
d) None of these