Online Test — Commercial Mathematics
10 Questions • 15 min • Chapter MCQ
15:00
Question 1 of 10
A bill has subtotal ₹800 and GST 12%. Find the total amount.
₹896
₹900
₹912
₹925
Explanation: GST=800×0.12=96; Total=800+96=₹896
Question 2 of 10
Simple interest on ₹2000 at 8% for 3 years is:
₹240
₹480
₹720
₹960
Explanation: I=2000×8×3/100=₹480
Question 3 of 10
A student earns ₹1500 monthly and saves ₹300. What percentage does he save?
15%
20%
25%
30%
Explanation: (300/1500)×100=20%
Question 4 of 10
If \(1 USD = ₹84\), how many INR for $75 USD?
₹5,600
₹6,000
₹6,300
₹6,500
Explanation: 75×84=₹6,300
Question 5 of 10
According to 50/30/20 rule, on ₹40,000 income, savings should be:
₹8,000
₹12,000
₹16,000
₹20,000
Explanation: 20% of 40,000 = ₹8,000
Question 6 of 10
A bill shows 5 pens at ₹15 each and 3 notebooks at ₹40 each. Subtotal is:
₹120
₹135
₹195
₹200
Explanation: Pens:5×15=75; Notebooks:3×40=120; Total=₹195
Question 7 of 10
Principal ₹10,000, Rate 6%, Time 2 years. Simple interest is:
₹600
₹1,000
₹1,200
₹1,800
Explanation: I=10000×6×2/100=₹1,200
Question 8 of 10
If ₹30,000 is to be saved in 5 months, monthly savings needed:
₹5,000
₹6,000
₹7,000
₹8,000
Explanation: 30,000÷5=₹6,000
Question 9 of 10
A camera costs \(150 USD. If \)1 = ₹83, the cost in INR is:
₹11,450
₹12,000
₹12,450
₹13,000
Explanation: 150×83=₹12,450
Question 10 of 10
Which is NOT part of a typical budget?
Income
Fixed expenses
Lottery winnings
Savings
Explanation: Budgets track regular income and expenses