Business Mathematics MCQs and Notes

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📊 Business Mathematics
Q. Sam borrowed some money from his friend at simple interest of 6% per annum. He returned his friend Rs. 15600. After how much time did Sam return the money if he borrowed Rs. 12000?
  • (A) 8 years
  • (B) 2.5 years
  • (C) 5 years
  • (D) 3.5 years
💬 Discuss
✅ Correct Answer: (C) 5 years
📊 Business Mathematics
Q. If selling price of 12 pens is equal to the cost price of 18 pens, find the profit percent.
  • (A) 40%
  • (B) 33.3%
  • (C) 50%
  • (D) 25%
💬 Discuss
✅ Correct Answer: (C) 50%
📊 Business Mathematics
Q. Vijay sells a cupboard at 14% below cost price. Had he got Rs.2086 more, he would have made a profit of 14%. What is the cost price of the cupboard?
  • (A) 7450
  • (B) 14900
  • (C) 7400
  • (D) 7500
💬 Discuss
✅ Correct Answer: (A) 7450
📊 Business Mathematics
Q. Eleven bags are bought for Rs.1000 and sold at 10 for Rs.1100. What is the gain or loss in percentage?
  • (A) 10%
  • (B) 21%
  • (C) 25%
  • (D) 20%
💬 Discuss
✅ Correct Answer: (B) 21%
📊 Business Mathematics
Q. If Harsh sold a match ticket for Rs.340 at a profit of 25%, at what price did he purchased the ticket?
  • (A) 280
  • (B) 255
  • (C) 300
  • (D) 272
💬 Discuss
✅ Correct Answer: (D) 272
📊 Business Mathematics
Q. Find the resultant profit if A sells a cupboard at a profit of 6% to B and B sells the same to C at a profit of 9%.
  • (A) 15%
  • (B) 16%
  • (C) 14.5%
  • (D) 15.54%
💬 Discuss
✅ Correct Answer: (D) 15.54%
📊 Business Mathematics
Q. A boy incurs 5% loss by selling a book for Rs. 1000. At what price should the book be sold to earn 5 % profit?
  • (A) rs. 1105.26
  • (B) rs. 1251.50
  • (C) rs. 1085.13
  • (D) rs. 1885.13
💬 Discuss
✅ Correct Answer: (A) rs. 1105.26
📊 Business Mathematics
Q. By purchasing an article at 20 % discount on the original price and then selling it at a price of
25% above the original price, a trader earns Rs. 200 as the profit. What was the original price of
the article?
  • (A) rs. 444.44
  • (B) rs. 255.50
  • (C) rs. 100.10
  • (D) rs. 810
💬 Discuss
✅ Correct Answer: (A) rs. 444.44
📊 Business Mathematics
Q. A trader purchases several articles at the rate of 13 for Rs. 10 and sells them at the rate of 10 for Rs. 13. What is his gain/loss?
  • (A) 69 % gain
  • (B) 56.25 % gain
  • (C) 56.25 % loss
  • (D) 25 % loss
💬 Discuss
✅ Correct Answer: (A) 69 % gain
📊 Business Mathematics
Q. P, Q, R subscribe Rs. 50,000 for a business. P subscribes Rs. 4000 more than Q and Q Rs. 5000 more than R. Out of a total profit of Rs. 25,000, what will be P's share?
  • (A) rs. 8400
  • (B) rs. 10,500
  • (C) rs. 13,600
  • (D) rs. 14,700
💬 Discuss
✅ Correct Answer: (B) rs. 10,500

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