MTH302

MTH302 Assignment#3 Solution
Question 1: Marks: 2

The price of three house items is Rs. 30,000 and series discounts are: 5%, 10%, and 15%. What is the net price?

a) 30,000(1-0.15)(1-0.10)(1-0.05)
b) 30,000(1+ 0.15)(1 + 0.10)(1 +0.05)
c) 30,000(0.15)(0.10)(0.05)
d) 30,000(0.15+ 0.10 + 0.05)

Question: 2 Marks: 2

A shopkeeper reduces the prices of cooking oil per liter from Rs.175 to Rs.150. What will be its markdown in rupees and %markdown?


a) 75 and 16.67% respectively
b) 25 and 14.28 % respectively
c) 25 and 16.67% respectively
d) 50 and 28.5 % respectively


Question: 3 Marks: 2

Saud bought a TV set for Rs.12000. To make a desired profit he needs a 50% markup on selling price. What is his Rs. Markup?

a) Rs. 6000
b) Rs. 8000
c) Rs. 12000
d) Rs. 4000


Question 4: Marks: 2


Catalogue price of a TV is Rs.10000. How much a customer needs to pay, if two successive discounts of 20% and 20% are available on the TV?

a)
b)
c)
d)


Question: 5 Marks: 2


A digital camera costing $150 was marked up 60% on the cost. For a July 4 sale, it was reduced 25%. After the sale, it was marked up 50%. In September it was reduced 20%. What is the final selling price?

a) $ 225
b) $ 246
c) $ 206
d) $ 216


Question: 6 Marks: 2

Price of an item is Rs.15000 which is available at two successive discounts of 10% and 20% then the single equivalent discount is

a) 32%
b) 30%
c) 28%
d) 25%

Question: 7 Marks: 2


A man bought an article for Rs.21. The marked price of the article if the article was sold at 30% discount was-------
a) Rs. 70
b) Rs. 6.30
c) Rs. 30
d) Rs. 14.70

Question: 8 Marks: 2

What is the markup rate on the selling price of an item that is equivalent to a 10% markup on cost?

a) 10%
b) 8.2%
c) 5.6%
d) 9.1%
.



Question: 9 Marks: 2

If Selling Price of an item is Rs. 1300 and the cost is Rs. 1150, then the margin on the cost is equal to

a) 13.04 %
b) 11.54 %
c) 12.05 %
d) None of these



Question: 10 Marks: 2

Internal rate of return is a ratio in which

a) Benefit cost = 1
b) Benefit cost > 1
c) Benefit cost <>d) None of these