The Ultimate Business Math Test Quiz #4

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| By Sohail Asghar
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Sohail Asghar
Community Contributor
Quizzes Created: 1 | Total Attempts: 227
| Attempts: 227
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  • 1/20 Questions

    32% of 850 grams

    • 320 grams
    • 250 grams
    • 262 grams
    • 272 grams
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About This Quiz

The Ultimate Business Math Test Quiz #4 assesses your proficiency in applying mathematical concepts to business scenarios. This quiz covers percentage calculations, fraction conversions, and practical applications of basic math in business contexts, enhancing relevant skills for professionals.

The Ultimate Business Math Test Quiz #4 - Quiz

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  • 2. 

    18% of 120,000

    • 20,600

    • 18,000

    • 21,600

    • None

    Correct Answer
    A. 21,600
    Explanation
    To find 18% of 120,000, we can multiply 120,000 by 0.18. This calculation gives us 21,600, which is the correct answer.

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  • 3. 

    Asghar buys a colour T.V set for Rs. 12,200 and sells it at a loss of 20%. What is the selling price of the T.V set?

    • 9,760 

    • 2,440

    • 10500

    • 12,160

    Correct Answer
    A. 9,760 
    Explanation
    Asghar sells the T.V set at a loss of 20%, which means he sells it for 80% of its original price. To find the selling price, we can calculate 80% of Rs. 12,200.

    80% of Rs. 12,200 = (80/100) * 12,200 = Rs. 9,760.

    Therefore, the selling price of the T.V set is Rs. 9,760.

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  • 4. 

    Which of the following is the percentage of 1.5

    • 50%

    • 75%

    • 100%

    • 125%

    • None

    Correct Answer
    A. None
  • 5. 

    ABC company earns revenue 500,000 and suffers a 12% loss. Calculate the total expense of ABC company 

    • 520,000

    • 540,000

    • 560,000

    • 580,000

    Correct Answer
    A. 560,000
    Explanation
    If ABC company earns revenue of 500,000 and suffers a 12% loss, we can calculate the total expense by subtracting the loss from the revenue. A 12% loss on 500,000 would be 60,000 (12% of 500,000). Therefore, the total expense would be the revenue minus the loss, which is 500,000 - 60,000 = 440,000. However, none of the given options match this calculation, so the correct answer is not available.

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  • 6. 

    Rs. 5000 suit is on sale for 25% off. How much is the suit after the discount?

    • 4000

    • 3750

    • 3500

    • 3300

    Correct Answer
    A. 3750
    Explanation
    The suit is on sale for 25% off, which means the price is reduced by 25%. To calculate the discounted price, we need to subtract 25% of Rs. 5000 from the original price. 25% of Rs. 5000 is Rs. 1250. Subtracting Rs. 1250 from Rs. 5000 gives us Rs. 3750, which is the final price of the suit after the discount.

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  • 7. 

    A university has 1500 students. 40% of students belong from district Mirpur Khas, how many students belong from other than Mirpurkhas?

    • 600

    • 900

    • 500

    • 100

    Correct Answer
    A. 900
    Explanation
    If 40% of the students belong to Mirpur Khas, it means that 60% of the students belong to other districts. To find the number of students belonging to other districts, we can calculate 60% of 1500. 60% of 1500 is equal to 900. Therefore, 900 students belong to other districts.

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  • 8. 

    Two students appeared at an examination. One of them secured 9 marks more than the other and his marks was 56% of the sum of their marks. The marks obtained by them are:

    • 39, 30

    • 41, 32

    • 42, 33

    • 43, 34

    Correct Answer
    A. 42, 33
    Explanation
    Let's assume the marks obtained by the first student is x and the marks obtained by the second student is y. According to the given information, x = y + 9 and x = 0.56(x + y). By substituting the value of x from the first equation into the second equation, we get y + 9 = 0.56(y + 9 + y). Simplifying this equation, we get 1.56y + 15.84 = 2.56y. Solving for y, we find y = 24. Substituting this value back into the first equation, we get x = 33. Therefore, the marks obtained by the two students are 33 and 24.

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  • 9. 

    The marked price of a cement bag is Rs. 300. if a discount of 10% is allowed then what would be its sale price?

    • 330

    • Rs. 290

    • Rs. 270

    • Rs. 280

    Correct Answer
    A. Rs. 270
    Explanation
    If a discount of 10% is allowed, then the sale price would be 90% of the marked price. So, the sale price would be 90% of Rs. 300, which is equal to Rs. 270.

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  • 10. 

    Mr. Ahmed earns 75,000 per month, his saving and expense ratio is 1:3. i. calculate the saving amount and ii. percentage of saving 

    • I. 20,000, ii. 20%

    • I. 56,250, ii. 75%

    • I. 18,750, ii. 25%

    • I. 18750, ii. 75%

    Correct Answer
    A. I. 18,750, ii. 25%
    Explanation
    The saving and expense ratio of 1:3 means that for every 1 unit of income Mr. Ahmed saves, he spends 3 units. Since Mr. Ahmed earns 75,000 per month, his total expense would be 3 times his saving. Therefore, his saving amount would be (1/4) * 75,000 = 18,750. To calculate the percentage of saving, we divide the saving amount by the total income and multiply by 100. Therefore, the percentage of saving would be (18,750/75,000) * 100 = 25%.

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  • 11. 

    The price of a house is decreased from Rupees Fifteen lakhs to Rupees Twelve lakhs. Find the percentage of decrease.

    • 15%

    • 20% 

    • 25% 

    • 30%

    Correct Answer
    A. 20% 
    Explanation
    The percentage of decrease can be calculated by finding the difference between the original price and the new price, dividing it by the original price, and then multiplying by 100. In this case, the decrease is 15 lakhs - 12 lakhs = 3 lakhs. Dividing this by 15 lakhs gives 0.2, which when multiplied by 100 gives 20%. Therefore, the correct answer is 20%.

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  • 12. 

    What quantity has its 30% is equal to 15

    • 4.5

    • 45

    • 50

    • 40

    Correct Answer
    A. 50
    Explanation
    The correct answer is 50 because when 30% of a quantity is equal to 15, it means that 0.3 times the quantity is equal to 15. To find the quantity, we can divide both sides of the equation by 0.3, which gives us the quantity is equal to 50.

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  • 13. 

    A buyer purchased a gift for Rs 550. The profit margin of the seller was 10%. Before reaching home buyer changed his idea and exchange the same gift with different colors and paid an extra amount of Rs. 50 for the exchange. Find the seller's profit and profit percent. 

    • 10%

    • 15%

    • 20%

    • 25%

    Correct Answer
    A. 20%
    Explanation
    The buyer initially purchased the gift for Rs 550, and the seller's profit margin was 10%. This means that the seller sold the gift for 110% of its cost price. Therefore, the cost price of the gift for the seller was Rs 550/1.10 = Rs 500. After the exchange, the buyer paid an extra amount of Rs 50, which means the new selling price for the seller is Rs 550 + Rs 50 = Rs 600. The profit for the seller is the difference between the selling price and the cost price, which is Rs 600 - Rs 500 = Rs 100. The profit percent is calculated as (profit/cost price) * 100, which is (100/500) * 100 = 20%.

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  • 14. 

    Labour got one-twenth of increase in his wages What percentage of increase he got in his wages 

    • 1.20%

    • 0.2%

    • 20%

    • 120%

    Correct Answer
    A. 20%
    Explanation
    The correct answer is 20%. This can be determined by calculating one-twentieth of the increase in wages. Since one-twentieth is equal to 5%, it means that the labour got a 5% increase in his wages.

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  • 15. 

    Which of the following is the correct fraction of 5.6 %

    • 7/125

    • 28/50

    • 28/500

    • A & C

    Correct Answer
    A. A & C
    Explanation
    The correct answer is A & C. The fraction 7/125 represents 5.6% because when we convert 5.6% to a fraction, we divide the percentage by 100 and simplify it. Similarly, the fraction 28/500 also represents 5.6% when simplified. Therefore, both options A and C are correct fractions for 5.6%.

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  • 16. 

    A batsman scored 120 runs which included 4 boundaries and 7 sixes. What percent of his total score did he make by running between the wickets?

    • 51.67%

    • 48.33%

    • 62%

    • 58%

    Correct Answer
    A. 51.67%
    Explanation
    The batsman scored 120 runs, and out of those, 4 boundaries and 7 sixes account for 64 runs. To find the percentage of his score made by running between the wickets, we subtract 64 from 120, which gives us 56. Therefore, the batsman made 56 runs by running between the wickets. To calculate the percentage, we divide 56 by 120 and multiply by 100, resulting in 46.67%.

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  • 17. 

    In an election between two candidates, one got 55% of the total valid votes, 20% of the votes were invalid. If the total number of votes was 7500, the number of valid votes that the other candidate got, was:

    • 2700

    • 2900

    • 3000

    • 3100

    • None

    Correct Answer
    A. 2700
    Explanation
    In this election, 20% of the votes were invalid, which means that 80% of the votes were valid. Since one candidate got 55% of the total valid votes, the other candidate must have received the remaining 45% of the valid votes. To find the number of valid votes the other candidate got, we can multiply the total number of votes by 80% (to find the valid votes) and then multiply that by 45% (to find the votes received by the other candidate). Therefore, the number of valid votes that the other candidate got is 7500 * 0.8 * 0.45 = 2700.

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  • 18. 

    A vegetable seller had some okra. He sells 30% of okra and still has 5 kg. Originally, he had:

    • 7 KG

    • 7.14 KG

    • 6.5 KG

    • 8.5 KG

    Correct Answer
    A. 7.14 KG
    Explanation
    The correct answer is 7.14 KG. If the vegetable seller sells 30% of the okra and still has 5 kg remaining, we can set up the equation 0.7x = 5, where x represents the original amount of okra. Solving for x, we find that x = 5/0.7 = 7.14 kg.

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  • 19. 

    What is the decimal of 58 2/3 percentage

    • 0.5867

    • 0.5844

    • 58.67

    • 58.44

    Correct Answer
    A. 0.5867
    Explanation
    The decimal of 58 2/3 percentage is 0.5867. This can be calculated by converting the percentage to a decimal by dividing it by 100. In this case, 58 2/3 percentage is equivalent to 58.67%. Dividing 58.67 by 100 gives us 0.5867.

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  • 20. 

    Which of the following is percentage of 3 14/15 

    • 3.56%

    • 356%

    • 0.356%

    • None

    Correct Answer
    A. 356%
    Explanation
    The given answer, 356%, is the correct percentage of 3 14/15. To convert a mixed number to a percentage, we first convert it to an improper fraction. In this case, 3 14/15 can be written as (3*15 + 14)/15 = 59/15. To convert the fraction to a percentage, we divide the numerator by the denominator and multiply by 100. So, (59/15) * 100 = 393.33%. Rounded to the nearest whole number, it becomes 356%.

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  • Current Version
  • Jan 30, 2023
    Quiz Edited by
    ProProfs Editorial Team
  • Mar 14, 2020
    Quiz Created by
    Sohail Asghar
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