fall+2009 midterm opkst mth302(1)

8/8/2019 Fall+2009 Midterm Opkst Mth302(1)

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MIDTERM EXAMINATIONFall 2009

MTH302- Business Mathematics & Statistics (Session - 3)Ref No: 1092298

Time: 60 min

Marks: 42Student InfoStudentID:

Center: OPKST

ExamDate: 12/7/2009 12:00:00 AM

For Teacher's Use Only QNo.

1 2 3 4 5 6 7 8 Total

Marks

Q No. 9 10 11 12 13 14 15 16

Marks

Q No. 17 18 19 20 21 22 23 24

Marks

Q No. 25 26 27

Marks


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Question No: 1 ( Marks: 1 ) - Please choose oneThe Basic salary of an employee is Rs 7,000. What is the contribution of the companyon account of gratuity to the Gratuity Trust Fund? Rs 636.36

Rs 636.36 Rs 6363.6 Rs 63.636 Rs 6363

Question No: 2 ( Marks: 1 ) - Please choose oneIf the price of an English novel decreases from Rs 255.50 to Rs 230.25. What is the percentagedecrease? 9.9 %

8.9 %

9.9 %10.9%11.9 %

Question No: 3 ( Marks: 1 ) - Please choose one

45% of what is 9? 20 20 40 30 10

Question No: 4 ( Marks: 1 ) - Please choose oneSuppose that you are spending 1500 dollars in an investment and Accumulatedfactor is 15 then Accumulated Value will be 22500

22550

2250021000

22510

Question No: 5 ( Marks: 1 ) - Please choose oneIf the salary of an employee is as follows:Basic salary = 12,000 Rs.Allowances = 9,000 Rs.

then the taxable income of employee is ---- Rs. 15,000--------

Rs. 12,000 Rs. 21,000


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Rs. 15,000 Rs. 9000

Question No: 6 ( Marks: 1 ) - Please choose oneSale price is the selling price less the ___Markdown _____

Markdown Revenue Cost

ProfitQuestion No: 7 ( Marks: 1 ) - Please choose oneDiscounts that are deducted one after the other from the list price are called __Series trade discount___ .

Series trade discount Inconsequential trade discounts

Spontaneous trade discounts

Earned trade discountsQuestion No: 8 ( Marks: 1 ) - Please choose oneFind x if 3x + 7 x = 17.

5 4 12 -5

Question No: 9 ( Marks: 1 ) - Please choose oneWhich statement is true? Social charges comprise the leaves, group insurance and medical.

(TRUE) Social charges comprise House rent and conveyance allowance. Social charges comprise gratuity and provident funds. Social charges comprise employees childrens education, club membership

only.Question No: 10 ( Marks: 1 ) - Please choose one

3x2

+ 5x 7 is -------- Binomial ------- expression.

Monomial Binomial Trinomial Linear


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Question No: 11 ( Marks: 1 ) - Please choose oneThe sequence of payments at equal interval of time is called AnnuityAnnuity

Accumulated value

Discounted value

None of these

Question No: 12 ( Marks: 1 ) - Please choose one 5.. Arithmetic operations provide the foundation for all mathematical operations are:

4 5

3 6

Question No: 13 ( Marks: 1 ) - Please choose oneMarkup is an amount added to --a cost price while calculating a selling price.------

get accumulated interesta cost price while calculating a selling price.The principal amount of the loan.Accumulation factor.

Question No: 14 ( Marks: 1 ) - Please choose oneIf for the next 8 years you save Rs. 20,000 per six months then how much will you haveaccumulated at the end of 8 years. Payments are to be made at the end of each annuityperiod, assume an interest of 8% compounded quarterly?Which function can give you correct answer of above question?FV(0.08/2, 8*4, 20000, 0, 0)

FV(0.08, 8, 20000, 0,0)FV(0.08, 8, 20000, 0, 1)FV(0.08/2, 8*4, 20000, 0, 0)

PV(0.08/2, 8*4, 20000, 0, 0)

Question No: 15 ( Marks: 1 ) - Please choose oneTo add numbers based on multiple conditions we use IF and SUM functions .IF and SUM functions .DSUM function.


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AVERAGE function.

All functions given in above choices .

Question No: 16 ( Marks: 1 ) - Please choose oneTo add numbers based on criteria stored in a separate range we useDSUM function.IF and SUM functions.DSUM function.AVERAGE function.

all functions in above given choices.Question No: 17 ( Marks: 1 ) - Please choose oneIf cost is half of the selling price S of a goods item, what is the markup of the goods item? S

S

S- Cost

Cost

S

Question No: 18 ( Marks: 1 ) - Please choose oneTo convert a number in percent (%) from a fraction, we do which of the followingoperation: multiply by 100 add by 100

subtract by 100

multiply by 100

divide by 100

Question No: 19 ( Marks: 1 ) - Please choose oneIf the basic salary of an employee is 8, 000 Rs. allowances are 6000 Rs. and total cost ofleaves per year is equal to 28280 Rs. then the cost of leaves as percent of gross salary is16.83%

29.46% 16.83% 22.23% 28.28%


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Question No: 20 ( Marks: 1 ) - Please choose oneIf A= [a b c] is a matrix then in order to find AB, the number of columns B must haveare 1

3

1 2 any non zero number

Question No: 21 ( Marks: 1 ) - Please choose oneGiven Net price of shirt = $20 , Discount = 10% , List price will $22

$22 $24 $26 $30

Question No: 22 ( Marks: 1 ) - Please choose onewhich of the following is linear equation 2x-3y=-6 (TRUE)

x+x+x

520xy

y^2 -3=0

Question No: 23 ( Marks: 1 ) - Please choose oneThe point at which no profit is made and no losses are incurred is said to beBreak evenpoint

Fixed Cost point

Contribution Margin

Break even point

Contribution Rate

Question No: 24 ( Marks: 1 ) - Please choose onepercentage of ratio of given number with standard number is.......100

Same number


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1000

10Question No: 25 ( Marks: 3 )

A golf shop pays its wholesaler $40 for a certain club, and then sells it for $75.

What is the markup rate?

%Markup on cost = Selling price Cost price 100%Cost price

%Markup on cost = {(75-40)/40} * 100

%Markup on cost = 87.5%Question No: 26 ( Marks: 5 )

If

4

7 of a tank can be filled in 2 minutes, how many minutes will it take to fill the wholetank?

4/7 : 2 = 1 : XX = 2 / (4/7)X = 14 / 4X = 3.5 MinutesQuestion No: 27 ( Marks: 10 )

John has 30 marbles, 18 of which are red and 12 of which are blue. Ani has 20 marbles,

all of them either red or blue. If the ratio of the red marbles to the blue marbles is thesame for both John and Ani, then John has how many more blue marbles than Ani?

MARBLES : RED : BLUE30 : 18 : 1220 : X? : Y?

RED MARBLES30 : 20 = 18 : X30 X = 20 x 18

X = (20 x 18)/30 = 12

BLUE MARBLES

30 : 20 = 12 : Y

Y = (20 x 12)/30 = 8

fall+2009 midterm opkst mth302(1)

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