Business Mathematics MCQs and Notes

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📊 Business Mathematics
Q. A shopkeeper earns a profit of 15% after selling a book at 20% discount on the printed price. The ratio of the cost price and printed price of the book is?
  • (A) 20:23
  • (B) 23:20
  • (C) 16:23
  • (D) 23:16
💬 Discuss
✅ Correct Answer: (C) 16:23
📊 Business Mathematics
Q. If a person sells a ‘sari’ for Rs. 5200, making a profit of 30%, then the cost price of the sari is
  • (A) rs. 4420
  • (B) rs. 4000
  • (C) rs. 3900
  • (D) rs. 3800
💬 Discuss
✅ Correct Answer: (B) rs. 4000
📊 Business Mathematics
Q. The ratio of cost price and selling price is 4:5. The profit percent is
  • (A) 10%
  • (B) 20%
  • (C) 25%
  • (D) 30%
💬 Discuss
✅ Correct Answer: (C) 25%
📊 Business Mathematics
Q. Two bicycles were sold for Rs. 3990 each, gaining 5% on one and losing 5% on the other. The gain or loss percent on the whole transaction is
  • (A) neither gain nor loss
  • (B) 2.5% gain
  • (C) 2.5% loss
  • (D) 0.25% loss
💬 Discuss
✅ Correct Answer: (D) 0.25% loss
📊 Business Mathematics
Q. If selling price of 40 articles is equal to cost price of 50 articles, the loss or gain percent is
  • (A) 25% loss
  • (B) 20% loss
  • (C) 25% gain
  • (D) 20% gain
💬 Discuss
✅ Correct Answer: (A) 25% loss
📊 Business Mathematics
Q. Ramesh sold a statue for a price 25% higher than the original price of the statue. He had
however bought the statue at 20% discount on the original price. With the profit of Rs. 2025, find
the original price of the statue.
  • (A) rs. 6000
  • (B) rs. 7500
  • (C) rs. 3500
  • (D) rs. 4500
💬 Discuss
✅ Correct Answer: (B) rs. 7500
📊 Business Mathematics
Q. A sells a car to B at 10% loss. If B sells it for Rs. 54000 and gains 20%, the cost price of the car for A was
  • (A) rs. 25000
  • (B) rs. 50000
  • (C) rs. 37500
  • (D) rs. 60000
💬 Discuss
✅ Correct Answer: (D) rs. 60000
📊 Business Mathematics
Q. A fruit seller buys lemons at 2 for a rupee and sells then at 5 for three rupees. His gain percent is
  • (A) 10%
  • (B) 15%
  • (C) 20%
  • (D) 25%
💬 Discuss
✅ Correct Answer: (C) 20%
📊 Business Mathematics
Q. person sold a stove for Rs. 423 and incurred a loss of 6%. At what price would it be sold so as to earn a profit of 8%?
  • (A) rs. 525
  • (B) rs. 500
  • (C) rs. 490
  • (D) rs. 486
💬 Discuss
✅ Correct Answer: (D) rs. 486
📊 Business Mathematics
Q. 5% of 5% of Rs. 100 is
  • (A) rs. 0.25
  • (B) rs. 0.50
  • (C) rs. 10
  • (D) rs. 25
💬 Discuss
✅ Correct Answer: (A) rs. 0.25

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