CSEC CONSUMER ARITHMETIC MCQ1

CSEC CONSUMER ARITHMETIC MCQ1

10 Qs

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CSEC CONSUMER ARITHMETIC MCQ1

CSEC CONSUMER ARITHMETIC MCQ1

Assessment

Quiz

others

Easy

Created by

JAMATHS TEACH

Used 2+ times

FREE Resource

10 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

If the simple interest on $800 for 3 years is 54$. What is the rate of interest per annum?
A) 4/9 %
B) 2.25%
C) 5%
D) 44%

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How much does a customer pay for an article marked at $50.00 before taxes if a sales tax of 6% is charged?
A) $56.00
B) $53.00
C) $47.00
D) $44.00

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A man bought a calf for $200.00 and sold it $250.00. What was his gain as a percentage of the cost price?
A) 5%
B) 15%
C) 20%
D) 25%

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

If TT6.00 is equivalent o US$1.00, then TT$15.00 is equivalent in U.S dollars is?
A) $0.25
B) $0.40
C) $2.50
D) $4.00

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A Man's annual salary is $45 000. His tax free allowances total $13 000. He has to pay a tax of 35% on his taxable income. The tax payable is?

A) $4 550.00
B) $11 200.00
C) $15750.00
D) $20 300.00

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

During a sale a shop allows 20% discount off the marked price of clothing. What will a customer pay for a dress with a marked price of $30?
A) $10
B) $20
C) $24
D) $30

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

At the end of the year, a car is worth 5% less than what it was worth at the beginning of the year. If a car was bought for $10 000 in January 2009, its value in December 2009 was:
A) 9 000
B) $9 025
C) $9 500
D) $9 995

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