consumer arithmetic

Quiz
•
Mathematics
•
9th - 12th Grade
•
Easy

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
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