MIDTERM EXAMINATION

Spring 2009
MTH302- Business Mathematics & Statistics (Session - 2)

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

45% of what is 9?

20

40

30

10

Question No: 2 ( Marks: 1 ) - Please choose one

In the above diagram, SUMIF adds the values of

Column A

Column B

Column C

None of the above.

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

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The answer of the SUMIF function in the above diagram is:

763

663

613

513

Question No: 4 ( Marks: 1 ) - Please choose one

Suppose that you are spending 1500 dollars in an investment and Accumulated factor is
15 then Accumulated Value will be

22550

22500

21000

22510

Question No: 5 ( Marks: 1 ) - Please choose one

The monthly income of a business man is Rs. 50, 00,000. In 1996, he took a loan of Rs.
90, 00,000 from a bank at 12% biannually interest rate. He asks from the bank officer that

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how much interest he will pay if he wants to return his entire amount at the end of 2008.
He wants to calculate the amount himself, so which formula is most suitable for this data?

IPMT

CUMIPMT

ISPMT

PPMT

Question No: 6 ( Marks: 1 ) - Please choose one

After the merchant buys merchandise, it is sold at a higher price called

Sale price

Revenue discount

Selling price

Cost price

Question No: 7 ( Marks: 1 ) - Please choose one

Ali has bought his new motorcycle on installments. He will pay Rs. 2000 for 30 months.
If the bike currently cost Rs. 54000 what percent of current cost he will pay more
after 30 months.

6%

15%

11.2%

10%

Question No: 8 ( Marks: 1 ) - Please choose one

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If the salary of an employee is 10,000 and his allowances are 5,000 then what is the
taxable income of the employee?

5,000

10,000

Zero

15,000

Question No: 9 ( Marks: 1 ) - Please choose one

If there is a -30% change in the price of an item, what does the negative sign show?

The price is increasing.

The price is decreasing.

The price has low rate of change.

None of the above.

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

What percentage is 10% of 85?

8.1

8.3

8.5

None of these

Question No: 11 ( Marks: 1 ) - Please choose one

This example returns the depreciation for an asset that costs Rs. 10,000, with a salvage
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value of $8,000. The useful life of the asset is 5 years. The depreciation is being
calculated for the third year, and there are 10 months in the first year.

=DB (10000, 5, 8000, 3, 10)

=DB (10000, 8000, 5, 10, 3)

=DB (10000, 8000, 5, 3, 10)

=DB (10000, 8000, 10, 3, 5)

Question No: 12 ( Marks: 1 ) - Please choose one

To find average of numbers given in figure ,one can apply the excel formula

=AVERAGE(E12:E13)

=AVERAGE(E5:E12)

=SUMIF(E5:E12)

=DSUM(E5:E12)

Question No: 13 ( Marks: 1 ) - Please choose one

If cost is half of the selling price S of a goods item, what is the markup of the goods item?

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S- ½ Cost

½ Cost

½S

Question No: 14 ( Marks: 1 ) - Please choose one

In the distribution chain

The distributor = Wholesaler = Retailer

The distributor < Wholesaler < Retailer

The distributor > Wholesaler > Retailer

The distributor > Wholesaler but the Wholesaler = Retailer

Question No: 15 ( Marks: 1 ) - Please choose one

There is an investment of _________ of basic salary on behalf of the employee in

1/11 th

2/11 th

3/11 th

5/11 th

Question No: 16 ( Marks: 1 ) - Please choose one

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The Earning per share is the total profits of a company divided by the

number of shares

annual dividend

market value per share

earning per share

Question No: 17 ( Marks: 1 ) - Please choose one

A company distributes of profit it earns as dividend

All

Half

10%

Some part depends on companies policy

Question No: 18 ( Marks: 1 ) - Please choose one

Interest paid (earned) on only the original principal borrowed (lent) is often referred to as

simple interest

present value

future value

compound interest

Question No: 19 ( Marks: 1 ) - Please choose one

Given Old Sale price = $1.95 , Markdown rate =13.6% ,then $Mark down will be

$ 0.27

$ 0.72
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$ 0.66

$ 0.92

Question No: 20 ( Marks: 1 ) - Please choose one

Cost analysis provides the following information:

20 Rs

80 Rs

16 Rs

26 Rs

Question No: 21 ( Marks: 2 )

After spending 30 minutes in exercise a man loses about 4% of his body weight. If his
weight before exercise is 70 kg what will be his weight now?

Question No: 22 ( Marks: 3 )

Find the single discount rate that is equivalent to the series18%, 12%, 9%.

Question No: 23 ( Marks: 5 )

Growing up, you lived in a tiny country village. When you left for college, the population
was 900. You recently heard that the population has grown by 4%. What is the present
population?

Question No: 24 ( Marks: 10 )

If a book sells for Rs.300 on grand sale after a mark up of 25% then
1) Evaluate its cost price.
2) If the cost price of the book would have been Rs.200 then what is the percentage
mark-up on sales?

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