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1) The antique painting appreciates each year by 13% of its value at the start of year. If painting costs $35000 in January then the value of painting at the end of 4 years is a. $59,067 b. $57,067 c. $58,000 d. $58,200
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2) The payment agents usually gets for buying or selling on behalf of any other person or party is classified as a. manufacturers cost b. commission c. discount d. profit
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3) If selling price of jewelry is $450 and is marked down by 18% in clearance sale and marked down by 8% further. It was not sold and then marked down further to price 60% off the original selling price then the final selling price of jewelry set is a. $180 b. $190 c. $210 d. $230
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4) If number 140 is decreased by 40% then the number will become a. 102 b. 84 c. 94 d. 98
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5) If shop keeper marks price of a good at $150 and buyer gets discount of 20% then the selling price of good is a. $120 b. $130 c. $110 d. $100
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6) If the designer pair of shoes is advertised on an online store as $210 inclusive of 6% goods and services tax (GST) then the original price of designer pair of shoes is a. $285 b. $198 c. $210 d. $225
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7) A new laptop costs $1200. After one year, its value decreases by 15%. In second year, its value decreases further by 10%. The value of laptop after 2 years is a. $968 b. $918 c. $937 d. $956
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8) By converting 142.5% into decimal, the answer will be a. 1.425 b. 0.1425 c. 142.5 d. 14.25
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9) The difference between marked price and sale price is called a. cost price b. manufacturing cost c. discount d. profit
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10) There are 30 customers who visited a shop and purchases goods costing $120. If a sales manager will receive commission of 5% on total sales made by him then the commission received (in dollars) is a. $240 b. $215 c. $180 d. $200
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11) If a baker bakes 50 chocolate cakes and sold only 35 cakes then the percentage of sold cakes is a. 80% b. 70% c. 85% d. 75%
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12) A men's coat selling for $800 was marked down by 15% in winter end sale. If it was not sold and therefore marked down further by 10% the price of men's winter coat is a. $652 b. $648 c. $635 d. $612
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13) In State Christmas fair, 35000 pupil participated from City A whose total population is 120 000 while 25000 pupil took part from City B whose population is 150 000. The percentage of pupil who took part in fair from each city is a. city A 12% and city B 15% b. city A 28% and city B 34% c. city A 29.167% and city B 16.67% d. city A 32% and city B 15%
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14) If a student scored 120 out of 150 marks in English then the percentage for obtained marks in English is a. 90% b. 85% c. 75% d. 80%
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15) If there are 50 students in class and 95% got passed then the students who failed the test (in numbers) are a. 8 students b. 11 students c. 9 students d. 10 students
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16) In math's test, Hazel scored 92% marks out of 150. The marks obtained by Hazel are a. 142 b. 138 c. 130 d. 128
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17) An estate agent sells a property for $90000. He will get 4% commission on $50000 and another 2% commission for the remaining amount. The total commission he will receive is a. $3,600 b. $3,200 c. $3,400 d. $2,800
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18) By converting 85% into decimal, the answer will be a. 0.0805 b. 0.85 c. 0.0085 d. 0.085
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