MTH302- Business Mathematics & Statistics mid term paper 2011

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If a profit ratio of A and B is 2 to 3, then A’s share in profit will be


► 2/5

► 2/3

► 3/2

► 3/5



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


After the merchant buys merchandise, it is sold at a higher price called the _______

► Sale price


► Revenue discount


► Selling price

► Cost price



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


Monthly installments of a leased car are calculated by using the techniques of:

► Simple interest method


► Compound interest method


► Annuity

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► Hit & trial method



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



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


► Monomial

► Binomial

► Trinomial

► Linear



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


Witch of the following percent is Conveyance Allowance of the basic salary?

► 2.5%

► 45%

► 5%

► None of these



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


0^1=?

► 0

► 1

► undefined

► infinity



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


If an asset is purchased at Rs 3000 on the date 6/29/2008 and the first depreication period ends on 11/29/2008, where salvage value is 300 and period is taken as 1 on 20% interest rate where basis =1, then which of the following function Returns the depreciation for given accounting period


► =AMORLINC(3000, 6/29/2008, 11/29/2008, 300, 1*12, 20%, 1)

► =AMORLINC(3000, 6/29/2008, 11/29/2008, 300, 1, 20% / 12 , 1)

► =AMORLINC(3000, 6/29/2008, 11/29/2008, 300, 1, 20%, 1)

► =AMORLINC(3000, 6/29/2008, 11/29/2008, 300, 1*12 , 20%/12, 1)

► None of these



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


To add numbers based on one condition we use

► DSUM function.


► AVERAGE function.


► SUMIF function .

► all functions given in above choices .