Financial Arithmetic MCQs | Questions with Answers
If you are looking to find the latest and updated Financial Arithmetic MCQs Questions with Answers for Maths Test Online Preparation. Here you will find all the Multiple Choice Questions of Financial Arithmetic for your Mathematics Test Preparation.
All these Financial Arithmetic Solved MCQs are helpful to students of Class 6, Class 7 and Class 8. If you have applied for any job and need Maths MCQs, these solved MCQs with Answers are also important for your online test preparation.
Financial Arithmetic Multiple Choice Questions
Below are the most important and repeated financial arithmetic MCQs questions and answers.
1: The formula for discount is:
- a) Markup Price – Sale Price
- b) Sale Price – Cost Price
- c) Cost Price – Sale Price
- d) None of these
a) Markup Price – Sale Price
2: Zain bought a printer for Rs.35000 and sold on 15% profit. What will be the sold price of the printer in Rupees?
- a) 55250
- b) 50250
- c) 45450
- d) 40250
d) 40250
3: Find the net selling price of a table set listed at Rs.8,000 if chain discounts 8% and 4% are allowed?
- a) Rs.7,065.60
- b) Rs.7,040
- c) Rs.7,000
- d)Rs.7880
a) Rs.7,065.60
4: 195 employees working 10 hours daily in a company, can finish a project in 20 days. How many employees should be required to complete the project in 15 days if they work 13 hours a day?
- a) 198 Employees
- b) 205 Employees
- c) 200 Employees
- d) 225 Employees
c) 200 Employees
5: Total annual income-Exempted Income=__________ Income.
- a) Rebate
- b) Exempt
- c) Taxable
- d) Tax
c) Taxable
6: How long would Rs.31,000 have to be invested at the markup rate of 6% per year to gain Rs. 4,650?
- a) Rs.81,000
- b) Rs.75,000
- c) Rs.65,000
- d) Rs.55,000
b) Rs.75,000
7: Kawsar bought a book for Rs.750 and sold for Rs.800. Calculate the profit percentage.
- a) 4.63%
- b) 5.67%
- c) 6.17%
- d) 6.67%
d) 6.67%
8: A single discount equivalent to successive discounts and 5% is:
- a) 13.5%
- b) 14.5%
- c) 15.5%
- d) 16.5%
b) 14.5%
9: Find the single discount percentagee for successive discounts 20%,10% and 5%?
- a) 29.4%
- b) 30.7%
- c) 31.6%
- d) 41.3%
c) 31.6%
10: The concession on a written price is called___________.
- a) Loss
- b) Discount
- c) Net Profit
- d) Income Tax
b) Discount
Business Mathematics MCQs
11: The cost price of a Keyboard is Rs.300. If the Keyboard is sold for a 20% discount, find the selling price of the Keyboard?
- a) 240
- b) 245
- c) 260
- d) 400
a) 240
12: The sum of money would triple itself at 8% rate of markup in ___________.
- a) 15 years
- b) 20 years
- c) 25 years
- d) 30 years
c) 25 years
13: Waleed bought a refrigerator for RS.35000. He sold it on 15% profit. The sold price of the refrigerator will be:
- a) Rs.38250
- b) Rs.40250
- c) Rs.42350
- d) Rs.44250
b) Rs.42250
14: A shopkeeper offers 5% discount on shoes. If the written price of shoes is Rs.50, what will be its sale price in Rupees?
- a) 45.50
- b) 46.50
- c) 47.50
- d) 49.50
c) 47.50
15: The tax imposed on income is called________.
- a) Usher
- b) Zakat
- c) Income Tax
- d) Property Tax
c) Income Tax
16: The relationshipp between two or more proportion is known as_______.
- a) Direct Proportion
- b) Indirect Proportion
- c) Compound Proportion
- d) Inverse Proportion
c) Compound Proportion
17: If 60 persons use 40 kg of rice in 12 days, find in how many days 90 persons will use 200 kg of rice.
- a) 40 days
- b) 80 days
- c) 120 days
- d) 260 days
a) 40 days
18: Zenab bought a Makeup set for Rs.1000, she sold it to Kiran for Rs.800. The loss percentage will be:
- a) 10%
- b) 15%
- c ) 20%
- d) 25%
c) 20%
19: Calculate the income tax of a person whose salary is Rs.6000 per month. The income tax is 5% and rebate is Rs.50,000.
- a) Rs.700
- b) Rs.900
- c) Rs.1100
- d) Rs.1300
c) Rs.1100
20: At what rate of markup would a sum of money become double in 20 years?
- a) 3%
- b) 3.5%
- c) 4.5%
- d) 5%
d) 5%
Financial Maths MCQs
21: Convert Rs.10,000 into Chinese Yun.(1 Yun=Rs.16.25 PKR)
- a) 615.38 Yun
- b) 162.50 Yun
- c) 1625 Yun
- d) 1230.50 Yun
a) 615.36 Yun
22: It is the method of withdrawing the amount from a bank account by account holders?
- a) Cheque
- b) Pay order
- c) Money order
- d) Demand draft
a) Cheque
23: Jawad and Akram invested 50,000 and 25,000 rupees respectively in a business. After one year what will be the share of Akram if total profit is Rs. 60,000?
- a) Rs.40,000
- b) Rs.45,000
- c) Rs.30,000
- d) Rs.20,000
d) Rs.20,000
24: Which of the following is a non-taxable income?
- a) Rebate
- b) Exempt
- c) Annual
- d) Income
a) Rebate
25: Property of deceased person is to be distributed among a widow, 3 daughters and 2 sons, each son will get a share:
- a) 1/8 th
- b) 1/4 th
- c) 1/6 th
- d) 1/3 th
b) 1/4th
26: If the rate of conversion of one Saudi Riyal is Rs.27.15 then Rs.54,300 =_______ Saudi Riyals.
- a) 1900
- b) 2100
- c) 2000
- d) 2010
c) 2000
27: How long would Rs.31,000 have to be invested at the markup rate of 6% per year to gain Rs 4,650?
- a) 1.5 Year
- b) 2 Years
- c) 2.5 Years
- d) 3 Years
c) 2.5 Years
28: Convert 200 Euro into Pakistani rupees. ( 1 Euro = Rs 126 PKR)
- a) 21,600 PKR
- b) 23,500 PKR
- c) 25,800 PKR
- d) 25,200 PKR
d) 25,200 PKR
29: An unconditional written order is drawn by one bank to another bank, to pay a specified sum of money to a third party on demand:
- a) Demand Draft
- b) Pay Order
- c) Cheque
- d) Money Order
a) Demand Draft
30: A negotiable instrument issued by a bank that instructs a bank to pay a certain amount of money to a third party:
- a) Money Order
- b) Pay Order
- c) Cheque
- d) Demand Draft
b) Pay Order
Conclusion:
I hope all the above Financial Arithmetic MCQs will be helpful for Maths Test Online Preparation. If you need more Solved Maths MCQs you can find them below.
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Good test amazing
Thanks Zeeshan Nabi
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