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Math MCQ Questions with answers

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Learn Math MCQs [Page 1 of Department 25]

1) Ravi starts a business with $ 45000. After a certain period of time he is joined by Mohan who invests $ 30000. At the end of the year they divide the profit in the ratio 9 : 4. When did Mohan join Ravi?

(A) After 3 months
(B) After 5 months
(C) After 6 months
(D) After 4 months
Correct Answer - Option (D)

No Explanation found. Add Explanation and get +2 points.

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2) A, B and C invest their capital into a partnership business in the following manner; A invests one-half of the capital for three- fourth of the time, B invests one-third of the capital for one-half of the time and C invests the remaining capital for the whole time. If the profit earned is $ 510, how should A get?

(A) $ 260
(B) $ 250
(C) $ 270
(D) $ 280
Correct Answer - Option (C)

No Explanation found. Add Explanation and get +2 points.

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3) Ravi and Shyam enter into a partnership and together start a business with contributions of Rs. 15000 and $ 20000. After 4 months Mohan also joins them with contribution of $ 22500. After 9 months Shyam withdraws his contribution. At the end of the year there is a profit of $ 9000. Find the share of each in the profit.

(A) $ 4000
(B) $ 3000
(C) $ 3500
(D) $ 3600
Correct Answer - Option (B)

No Explanation found. Add Explanation and get +2 points.

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4) A starts an industry with $ 20 lakhs. After 4 months he enters into a partnership with B who contributes $ 40 lakhs. C joins them after another 3 months with a capital of $ 60 lakhs. At the year end, the balance sheet shows a profit of $ 74000. Find the share of A in the profit.

(A) $ 32000
(B) $ 24000
(C) $ 18000
(D) $ 16000
Correct Answer - Option (B)

No Explanation found. Add Explanation and get +2 points.

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5) A and B are partners in a firm. A invests $ 15000 and B $ 25000. A is the working partner and gets 20% of the profit for his contribution in the management of the firm. B is the sleeping partner. If the profit is $ 475, find the share of B.

(A) $ 237.5
(B) $ 257.5
(C) $ 247.5
(D) $ 238.5
Correct Answer - Option (A)

No Explanation found. Add Explanation and get +2 points.

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6) If the interest on Rs. 50 at 4.5 be equal to the discount on Rs. 59 for the same time and at the same rate when is the latter sum due ?

(A) 2 years
(B) 4 years
(C) 6 years
(D) 3 years
Correct Answer - Option (B)

No Explanation found. Add Explanation and get +2 points.

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7) The simple interest and the true discount on a certain sum for a given time and at a given rate are Rs. 25 and Rs. 20 respectively. The sum is ?

(A) Rs. 500
(B) Rs. 200
(C) Rs. 250
(D) Rs. 100
Correct Answer - Option (D)

No Explanation found. Add Explanation and get +2 points.

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8) The difference between the simple interest and the true discount on a certain sum of money for 6 months at 6% is Rs. 27. Find the sum?

(A) Rs. 30900
(B) Rs. 39000
(C) Rs. 20900
(D) Rs. 30600
Correct Answer - Option (A)

No Explanation found. Add Explanation and get +2 points.

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9) A man buys a watch for Rs. 195 in cash and sells it for Rs. 220 at a credit of 1 year. If the rate of interest is 10%, the man ?

(A) Gains Rs. 15
(B) Gains Rs. 3
(C) Gains Rs. 5
(D) Loses Rs. 5
Correct Answer - Option (C)

Explanation:
P.W. of Rs. 220 due 1 year hence = Rs. (100 x 220) / (100 + 10) = Rs. 200 hence, the man gains Rs. 5

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10) What will be the true discount for the present worth of ₹ 600 for a period of 4 yr at 4% per annum rate of interest?

(A) ₹ 100
(B) ₹ 32
(C) ₹ 86
(D) ₹ 96
Correct Answer - Option (D)

Explanation:
Given that, T = 4 yr, R = 4% PW = ₹ 600 and TD = ? According to the formula, (1) TD = (PW x R x T)/100 TD = (600 x 4 x 4)/100 = 6 x 4 x 4 = ₹ 96

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