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Assignment (Graded) # 3

Question1 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 % respectively
c) 25 and 16.67% respectively
d) 50 and 28.5 % respectively


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


Question :4 Marks: 2


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

a)
b)
c)
d)


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


Question:6 Marks: 2

Price of an item is Rs.15000 which is available at two successive discounts of 10% and 20% 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 the 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



Question:10 Marks: 2

Internal rate of return is a ratio in which

a) Benefit cost = 1
b) Benefit cost > 1
c) Benefit cost < style="margin-top: 0px; margin-right: 0px; margin-bottom: 0px; margin-left: 0px; padding-top: 0px; padding-right: 0px; padding-bottom: 0px; padding-left: 0px; ">d) None of these

Solution

You should submit your solution file (word documents) in the following form. There is no need to send the question statements and all of their options. Just fill this table and upload your file.

Question Number Correct Option
1
2
3
4
5
6
7
8
9
10

Solution

Question Number Correct Option
1 D
2 B
3 A
4 C
5 D
6 B
7 D
8 A
9 A
10 D