Business Mathematics and Statistics Spring 2009

Question No: 1 ( Marks: 1 ) - Please choose one

3x2 + 5x – 7 is --------------- expression.

Monomial

Binomial

Trinomial

Linear

Question No: 2 ( Marks: 1 ) - Please choose one

Given Old Sale price = $1.95 , Markdown rate =13.6% ,then $Mark down will be

$ 0.27

$ 0.72

$ 0.66

$ 0.92

Question No: 3 ( Marks: 1 ) - Please choose one

You purchase equipment for $42,000, minus trade discount of 30% ,20% ,15%. Trade discount will be

$19,992

$22,008

$23,520

$29,400

Question No: 4 ( Marks: 1 ) - Please choose one

The net price of a computer table is 2500 and list price 3000. The trade discount will be

13%

17%

21%

25%

Question No: 5 ( Marks: 1 ) - Please choose one

What result will I get when press enter in cell D9?

75

B5+C5+D5+E5+F5

Error

Cannot be determine

Question No: 6 ( Marks: 1 ) - Please choose one

Given a matrix A and B such that

A-3B will be equal to

Question No: 7 (Marks: 1 ) - Please choose one

If x% of a number is y, then the number is

Question No: 8 ( Marks: 1 ) - Please choose one

Given : List Price =5500Rs , Discount = 850Rs, then Net Cost Price will be

6350 Rs

6350 Rs

5508 Rs

5508 Rs

5585 Rs

4650 Rs

Question No: 9 ( Marks: 1 ) - Please choose one

All formula in Excel start with

+

=

-

%

Question No: 10 ( Marks: 1 ) - Please choose one

The break even point is a point when ----------------------

Revenue is greater than cost.

Revenue is less than cost.

Revenue is exactly equal to cost.

None of the above.

Question No: 11 ( Marks: 1 ) - Please choose one

The cost price of certain item is Rs 50 and its selling price is Rs 80. What is the markup percentage?

50%

60%

70%

80%

Question No: 12 ( Marks: 1 ) - Please choose one

The answer of the above formula is #VALUE!. The reason of this answer is

Inverse of the matrix does not exist.

It has one blank cell.

Number of rows and columns are equal.

The keys CTRL+SHIFT+ENTER were not pressed simultaneously.

Question No: 13 ( Marks: 1 ) - Please choose one

If I is an identity matrix then it must also be a

► rectangular matrix

► row matrix

► column matrix

► scalar matrix

Question No: 14 ( Marks: 1 ) - Please choose one

Order of a Matrix =

Number of Columns xNumber of Rows

Number of Rows / Number of Columns

Number of Rows x Number of Columns

None of these

Question No: 15 ( Marks: 1 ) - Please choose one

According to the local laws, the allowances are considered tax free if they are up to

► half of the basic salary

► one fourth of the basic salary

► one third of the basic salary

► 55% of the basic salary

Question No: 16 ( Marks: 1 ) - Please choose one

The Basic salary of an employee is Rs 7,000 and the allowances are Rs 3000. Then the social charges will be ------------------------------------.

Rs 2030

Rs 2900

Rs 2500

Rs 2150

Question No: 17 ( Marks: 1 ) - Please choose one

Every percentage can be converted into:

Decimal

Ratio

Proportion

Both decimal & ratio

Question No: 18 ( Marks: 1 ) - Please choose one

Sum of annuity is an accumulated amount of:

► Original payments and discount

► Original payments and interest

► Interest and the payment yet not paid

► Compound interest

Question No: 19 ( Marks: 1 ) - Please choose one

The margin is the difference between the selling price and the _____.

► Profit

► Revenue

► Cost

► tax

Question No: 20 ( Marks: 1 ) - Please choose one

If the basic salary is Rs 6500 and the social charges are Rs 1820, what percentage of basic salary are the social charges?

27 %

28 %

29 %

30 %

Question No: 21 ( Marks: 2 )

Find the average of given Data: 10, 17, 19, 27, 22

Question No: 22 ( Marks: 3 )

The price of an item was Rs. 1500 and increased by 15%. What is the new price?

Question No: 23 ( Marks: 5 )

The average marks of 10 students in mathematics are 45. Suppose two of them are excluded from the list. If both have the same marks, what will be the marks of each excluded student, if average marks of the remaining 8 students are 40?

Question No: 24 ( Marks: 10 )

It is advised by the exam department of an institute to the assistant to develop a structure of marks obtained by three students in three different subjects for very quick view & analysis with the following instructions to be followed strictly as;

1) marks obtained by EACH student in EVERY subject

2) marks in EACH subject be obtained by EVERY student.

Also describe & justify the optimality of the structure. If such model is possible then suggest its further extension for numerous numbers of students.

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