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Assignment (Graded) # 3

MTH302 (Fall 2009)

Total marks: 20
Due Date: November 19, 2009

Instructions (get the reward if you work hard)

No assignment by email will be accepted. The students, who have some problem, should
inform us at proper time so that their problems may be solved to avoid the submission of
assignments by email.

If you face some technical problem in your labs, you should ask the responsible person
there to contact VU’s administration and state the problem for getting a solution. No excuse
regarding the late and by-mail submission of assignments is acceptable from now onward.

Avoid copying because many students lose their marks by providing their assignments to
others even after having done a lot of hard work. Keep your assignment safe.

Solve the assignment on MS word document and upload your word (.doc) files only. Do
not solve the assignment on MS excel. If we get any assignment on MS excel or any format other
than word file then it will not be graded.
You should submit your solution file (word documents) in the
following form. There is no need to send the question statements
and all of their options. Just fill this table and upload your file.
Question Correct Option
Number
1
2
3
4
5
6
7
8
9
10
Question 1: Marks: 2

The price of three house items is Rs. 30,000 and series discounts are: 5%, 10%, and 15%.
What is the net price?

a) 30,000(1-0.15)(1-0.10)(1-0.05)
b) 30,000(1+ 0.15)(1 + 0.10)(1 +0.05)
c) 30,000(0.15)(0.10)(0.05)
d) 30,000(0.15+ 0.10 + 0.05)

Question: 2 Marks: 2

A shopkeeper reduces the prices of cooking oil per liter from Rs.175 to Rs.150. What will
be its markdown in rupees and %markdown?

a) 75 and 16.67% respectively


b) 25 and 14.28 % respectively
c) 25 and 16.67% respectively
d) 50 and 28.5 % respectively

Question: 3 Marks: 2

Saud bought a TV set for Rs.12000. To make a desired profit he needs a 50% markup on
selling price. What is his Rs. Markup?

a) Rs. 6000
b) Rs. 8000
c) Rs. 12000
d) Rs. 4000

Question 4: Marks: 2

Catalogue price of a TV is Rs.10000. How much a customer needs to pay, if two


successive discounts of 20% and 20% are available on the TV?

a) 10000 × (1 − 0.2)
b) 10000 × (1 − 0.4)
c) 10000 × (0.4)
d) 10000 × (1 − 0.2) × (1 − 0.2)
Question: 5 Marks: 2

A digital camera costing $150 was marked up 60% on the cost. For a July 4 sale, it was
reduced 25%. After the sale, it was marked up 50%. In September it was reduced 20%.
What is the final selling price?

a) $ 225
b) $ 246
c) $ 206
d) $ 216

Question: 6 Marks: 2

Price of an item is Rs.15000 which is available at two successive discounts of 10% and
20% then the single equivalent discount is

a) 32%
b) 30%
c) 28%
d) 25%

Question: 7 Marks: 2

A man bought an article for Rs.21. The marked price of the article if the article was sold
at 30% discount was-------
a) Rs. 70
b) Rs. 6.30
c) Rs. 30
d) Rs. 14.70

Question: 8 Marks: 2

What is the markup rate on the selling price of an item that is equivalent to a 10% markup
on cost?

a) 10%
b) 8.2%
c) 5.6%
d) 9.1%
.

Question: 9 Marks: 2
If Selling Price of an item is Rs. 1300 and the cost is Rs. 1150, then the margin on the
cost is equal to

a) 13.04 %
b) 11.54 %
c) 12.05 %
d) None of these

Question: 10 Marks: 2

Internal rate of return is a ratio in which

a) Benefit cost = 1
b) Benefit cost > 1
c) Benefit cost < 1
d) None of these