consumer arithmetic

consumer arithmetic

9th - 12th Grade

8 Qs

quiz-placeholder

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consumer arithmetic

consumer arithmetic

Assessment

Quiz

Mathematics

9th - 12th Grade

Easy

Created by

RAJESH RAMPATH

Used 7+ times

FREE Resource

8 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The simple interest on $400 at 5% per annum

for2years is given by

$ (400 x 5 x 2) /100

$ (400 x 5) / (2 x 100)

$ (400 x 2) / (5 x 100)

$ (400 x 100) / (2 x 5)

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A man bought a calf for$200 and sold it for

$250 . What was his gain as a percentage of the

cost price?

5%

15%

20%

25%

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The sum of 1/2 and 1/3 is

2/5

3/5

5/6

7/6

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A salesman is paid 5% of his sales as commission. His sales for last month were $2020 . How much commission was he paid?

$ 11.00

$ 20.20

$101.00

$110.00

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How much does a customer pay for an article marked at $50.00 if a sales tax of 6% is charged?

$56.00

$53.00

$47.00

$44.00

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The exchange rate for one United States dollar

(US$1.00) is two dollars and seventy cents in

Eastern Caribbean currency ( $2. 70 ) EC. What is

the value of $4.50 US in EC currency?

$ 1.67

$ 6.00

$ 7.20

$12.15

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

If the simple interest on $800 for3 years is $54 . What is the rate of interest per annum?

44%

5%

2¼%

4/9 %

8.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Mary invested $200 for 3 years at 5% per

annum. John invested$300 at the same rate. If

they both received the same amount of money in interest, for how many years did John invest his

money?

1 1/2

2

3

10