MIDTERM EXAMINATION Spring 2009 MTH302- Business Mathematics & Statistics. For Teacher's Use Only Q Total No.
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1 Student Info StudentID: Center: ExamDate: MIDTERM EXAMINATION Spring 2009 MTH302- Business Mathematics & Statistics Time: 60 min Marks: 40 For Teacher's Use Only Q Total No. Marks Q No Marks Q No Marks
2 Question No: 1 ( Marks: 1 ) - Please choose one A, B and C play cricket. A's runs are to B's runs and B's runs are to C's as 3:2. They get altogether 342 runs. How many runs did A make? Question No: 2 ( Marks: 1 ) - Please choose one The price of a P4 computer was $12000 last year. What is the price of the computer for this year if the price is decreased by 10%? $12000 $12500 $10800 $9000 Question No: 3 ( Marks: 1 ) - Please choose one Four friends take an IQ test. Their scores are 96, 100, 106, 114. Which of the following statements is true? The mean is 103. The mean is 104. The median is 100. The median is 106. Question No: 4 ( Marks: 1 ) - Please choose one Percentage is a ratio of given number with standard number: 100 Same number Question No: 5 ( Marks: 1 ) - Please choose one The Virtual University of Pakistan is a growing distant learning university of Pakistan. The number of students in the university is increasing each year. The number of registered students in a course related to business math last year was
3 7113 and it is increased up to 9242 this year. What is the percentage increase in the number of students? 23% 30% 18% 42% Question No: 6 ( Marks: 1 ) - Please choose one If A and B are any two matrices of order m n and p q respectively and m>n and p<q. What should be the condition on m, n, p, q for the product AB to hold? n>p m<=q q=p n=p Question No: 7 ( Marks: 1 ) - Please choose one The price at which investors buy or sell a share of stock at a given time is referred as Face value Market value Accumulated value Earning value Question No: 8 ( Marks: 1 ) - Please choose one Gross salary is also called Net salary True False Question No: 9 ( Marks: 1 ) - Please choose one Can we subtract a positive integer k from the identity matrix? Yes No Question No: 10 ( Marks: 1 ) - Please choose one Net price = List price +trade discount List price - trade discount
4 List price /trade discount List price * trade discount Question No: 11 ( Marks: 1 ) - Please choose one Division. Symbol: / is a type of Comparison operators Concatenation operator Reference operators Arithmetic operators Question No: 12 ( Marks: 1 ) - Please choose one Given : List Price =5500Rs, Discount = 850Rs, then Net Cost Price will be 6350 Rs 5508 Rs 6350 Rs 5508 Rs 5585 Rs 4650 Rs Question No: 13 ( Marks: 1 ) - Please choose one To convert a number in percent (%) from a fraction, we do which of the following operation: add by 100 subtract by 100 multiply by 100 divide by 100 Question No: 14 ( Marks: 1 ) - Please choose one
5 If A 23 is the matrix of dimension Then which of the following is true AI = I AI = A A + I = A A + I = I and I 3 3 is the identity matrix of dimension. Question No: 15 ( Marks: 1 ) - Please choose one If ratio of boys and girls in a class is 7: 5, which of the following can t be the total number of the students in the class? Question No: 16 ( Marks: 1 ) - Please choose one SLN returns the straight-line depreciation of an asset for Zero period One period Two periods Three periods Question No: 17 ( Marks: 1 ) - Please choose one Assume you will work for the next 20 years and at the end of each year you will deposit $20,000 into a savings account. At the end of that 20 year period you will start withdrawing your retirement living expenses from that account at the beginning of every year. This financial plan involves a problem while you are working and a problem while you are in retirement. a present value of a dollar, future value of a dollar a future value of an annuity due, a present value of an annuity due a future value of an annuity due, a present value of an ordinary annuity a future value of an ordinary annuity, a present value of an annuity due a future value of an ordinary annuity, a present value of an ordinary annuity
6 Question No: 18 ( Marks: 1 ) - Please choose one A B By multiplying the above two matrices we get the following result 5 C C C Given matrices cannot be multiplied Question No: 19 ( Marks: 1 ) - Please choose one which of the following is linear equation 2x-3y=-6 x+x+x 520x²y² y^2-3=0 Question No: 20 ( Marks: 1 ) - Please choose one Given FC = Rs.5000,CM= Rs. 30,VC= Rs. 150, Capacity = 320units then BEP in units = 4500 units
7 167 units 33 units 16 units Question No: 21 ( Marks: 2 ) Find the Discount where price is 2000 and discount rate is 12%. Question No: 22 ( Marks: 3 ) Calculate compound interest earned on Rs invested at 8% per annum for 6 years Question No: 23 ( Marks: 5 ) If the Basic salary of an employee is Rs 8000 and Allowances are Rs 4,000. What are the cost on account of 20 casual and 10 sick leaves per year if normal working days per month are 26? Question No: 24 ( Marks: 10 ) The price of medicine inventory is Rs. 500,000. The series discounts are 20%, 10%, 5%. What is the single equivalent discount rate? if Invoice was dated May 1 st and 10% discount is offered if invoice is paid up to 10 th May. What will be net payment for invoice value of Rs. 500,000 if paid up to 10 th May.
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MIDTERM EXAMINATION MTH302- Business Mathematics Question No: 1 ( Marks: 1 ) - Please choose one Store A marked down a $ 50 perfume to $ 40 with markdown of $10 The % Markdown is 10% 20% 30% 40% Question
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