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MCQ: Harry bought 50kg of potatoes for resale on his retailer store whereas he paid \$2/kg. he expects that 5% potatoes will be rotten. If 95% profit on cost is to be obtained then selling price is

1. \$4.10
2. \$6.20
3. \$5.80
4. \$7.30

A

MCQ: John invested \$8000 at 6.5% per annum compound interest which is compounded daily. amount at end of fifth year is

1. \$13,960.70
2. \$10,960.70
3. \$11,960.70
4. \$12,960.70

B

MCQ: Income tax imposed on first \$90000 of income is \$4000 and next \$20000 is 7%. If chargeable income is \$100,000 then tax payable by tax payers is

1. \$5,400
2. \$6,500
3. \$7,000
4. \$7,200

A

MCQ: If a book is sold for \$250 at 15% loss on cost then cost price of book is

1. \$350
2. \$300
3. \$365
4. \$294

D

MCQ: Shopkeeper paid \$80 each for two pair of shoes. He sell first pair of shoes making profit of 35% of cost price. He sell second pair of shoes at loss of 18% of cost price. selling price of each pair of shoes respectively is

1. \$125, \$60.7
2. \$123, \$69.7
3. \$108, \$65.6
4. \$110, \$68.6

C