Financial Arithmetic MCQs (1-33)

1. Which of the following is NOT a real-world application of financial math?

A) Stock trading
B) Forecasting inventory management
C) Risk management
D) Creating abstract art
2. The price at which an object is purchased is known as its:
A) Selling price (SP)
B) Marked price (MP)
C) Cost price (CP)
D) Discounted price
3. A profit is earned when:
A) CP > SP
B) SP < CP
C) SP > CP
D) SP = CP
4. If the cost price is greater than the selling price (CP > SP), there will be a:
A) Profit
B) Loss
C) Discount
D) Gain
5. The formula for Profit percent is:
A) (Loss/CP × 100)%
B) (Profit/CP × 100)%
C) (Profit/SP × 100)%
D) (Loss/SP × 100)%
6. A man purchased a TV set at Rs 4000 and sold it for Rs 2500. What is his
loss?
A) Rs 4000
B) Rs 2500
C) Rs 1500
D) Rs 6500
7. A man purchased a TV set at Rs 4000 and sold it for Rs 2500. What is his loss
percent?
A) 30%
B) 37.5%
C) 40%
D) 50%
8. Oranges are bought at Rs 9 per dozen. What is the cost price of one orange?
A) Rs 0.90
B) Rs 0.75
 C) Rs 1.50
D) Rs 1.80
9. If 20 oranges are sold for Rs 18, what is the selling price of one orange?
A) Rs 0.75
B) Rs 0.80
C) Rs 0.90
D) Rs 1.00
[Link] cost price of an orange is Rs 0.75 and selling price is Rs 0.90, what is the
profit percent?
A) 15%
B) 20%
C) 25%
D) 30%
11.A table lamp is bought at Rs 640. To gain 15%, it must be sold for:
A) Rs 640
B) Rs 700
C) Rs 736
D) Rs 750
12.A person sells a horse for Rs 2400 and incurs a loss of 20%. What was the
cost price of the horse?
A) Rs 2400
B) Rs 3000
C) Rs 1920
D) Rs 2880
[Link] the cost price of a horse is Rs 3000, to gain 15%, it must be sold for:
A) Rs 2760
B) Rs 3000
C) Rs 3450
D) Rs 3600
[Link] sold a car for Rs 540,000 and had a loss of 20%. What was the cost
price of the car?
A) Rs 540,000
B) Rs 675,000
C) Rs 432,000
D) Rs 600,000
[Link] Ahmed wants to make a gain of 7.5% on a car whose cost price is Rs
540,000, what should be the selling price?
A) Rs 700,000
B) Rs 725,625
C) Rs 625,000
D) Rs 750,000
16.A man sold a book at a loss of 7%. If he had sold it for Rs 26.40 more, he
would have made a profit of 9%. What was the cost price of the book?
A) Rs 150
B) Rs 165
C) Rs 175
D) Rs 180
[Link] price printed on the tag of an article is called the:
A) Selling price
B) Cost price
C) Marked price
D) Discount price
[Link] reduction made on the marked price of an article is called the:
A) Profit
B) Loss
C) Discount
D) Commission
[Link] Selling price is calculated as:
A) Marked price + Discount
B) Marked price - Discount
C) Cost price + Discount
D) Selling price - Discount
[Link] % is calculated only on the:
A) Selling price
B) Cost price
C) Marked price
D) Profit
[Link] marked price of an article is Rs 500. A discount of 25% is allowed. What
is the discount amount?
A) Rs 50
B) Rs 100
C) Rs 125
D) Rs 150
[Link] the marked price of an item is Rs 500 and a discount of 25% is given, what
is the net selling price?
A) Rs 375
B) Rs 400
C) Rs 425
D) Rs 450
[Link] bought a handbag marked at Rs 1800 with a discount of 10%. What
amount did she pay?
A) Rs 180
B) Rs 1620
 C) Rs 1700
D) Rs 1980
24.A shopkeeper marks his goods at 20% above the cost price. If the cost price
is Rs 100, what is the marked price?
A) Rs 100
B) Rs 120
C) Rs 80
D) Rs 110
25.A shopkeeper marks his goods at Rs 120 and offers a 10% discount. What is
the discount amount?
A) Rs 10
B) Rs 12
C) Rs 20
D) Rs 8
26.A shopkeeper offers a 10% discount on a marked price of Rs 120. What is the
selling price?
A) Rs 100
B) Rs 108
C) Rs 110
D) Rs 98
[Link] a product costs Rs 100 and is sold at Rs 108, what is the profit percent?
A) 5%
B) 8%
C) 10%
D) 12%
28.A seller marks goods at Rs 250 and gives a 10% discount, resulting in a 20%
profit. What is the selling price?
A) Rs 250
B) Rs 225
C) Rs 200
D) Rs 275
[Link] selling price is Rs 225 and profit is 20%, what is the cost price?
A) Rs 180
B) Rs 187.50
C) Rs 200
D) Rs 225
[Link] paid on the money people earn during a year is called:
A) Property tax
B) General sales tax
C) Income tax
D) Value-added tax
 [Link] tax is defined as the tax on the annual income of a person exceeding
a government-specified threshold.
A) Below
B) Above
C) Equal to
D) Half of
[Link] amount of income on which income tax must be paid is called:
A) Exempt income
B) Gross income
C) Taxable income
D) Net income
33.12 pens are purchased for Rs 25 each and sold at Rs 28 each. What is the
total profit?
A) Rs 36
B) Rs 300
C) Rs 336
D) Rs 66
Financial Arithmetic MCQs (34–66)
34.A man buys eggs at Rs 9.60 per dozen. What is the cost of one egg?
A) Rs 0.80
B) Rs 0.90
C) Rs 1.00
D) Rs 0.48
[Link] 20 eggs are sold for Rs 18, what is the selling price of one egg?
A) Rs 0.80
B) Rs 0.90
C) Rs 1.00
D) Rs 0.96
[Link]. Arsalan bought a plot of land for Rs 108,000 and sold it for a profit of
20%. At what price did he sell it?
A) Rs 108,000
B) Rs 129,600
C) Rs 86,400
D) Rs 130,000
[Link] 11% is lost on books sold for Rs 10.68, what was the cost price of the
books?
A) Rs 12
B) Rs 10
C) Rs 9.50
D) Rs 11.50
38.A quantity of tea is sold at Rs 48 per kg with a profit of 20%. At what price
should it be sold to get a profit of 10%?
 A) Rs 44
B) Rs 46
C) Rs 42
D) Rs 40
[Link] 13% is lost by selling goods for Rs 1475, what is the result if they are sold
for Rs 1615?
A) Loss of Rs 140
B) Gain of Rs 140
C) Loss of 3%
D) No loss, no gain
[Link] is the Discount % if the Marked Price is Rs 840 and the Discount is Rs
140?
A) 10%
B) 15%
C) 16.67%
D) 20%
[Link] the marked price of an article is Rs 400 and it is sold at a discount of 10%,
what is the net selling price?
A) Rs 40
B) Rs 360
C) Rs 440
D) Rs 300
[Link] the list price of a bicycle is Rs 1000 and it is sold for Rs 900, what is the
discount percent?
A) 5%
B) 10%
C) 15%
D) 20%
[Link] article is sold for Rs 450 after allowing a discount of 10%. What was the
list price?
A) Rs 405
B) Rs 495
C) Rs 500
D) Rs 480
44.A trader marks goods 30% above the cost price. After allowing 10% discount,
what is the profit percent?
A) 17%
B) 20%
C) 23%
D) 25%
45.A shopkeeper gives 20% discount on marked price and still gains 25%. If
marked price is Rs 2000, what is the cost price?
 A) Rs 1280
B) Rs 1500
C) Rs 1600
D) Rs 1750
[Link] from rented house property is considered as:
A) Exempt income
B) Salary income
C) Income subject to income tax
D) Non-taxable income
[Link] does the government charge different tax rates on different incomes?
A) Everyone pays the same amount of tax
B) Those earning less have to pay less
C) Those earning more pay less
D) Only the rich pay tax
[Link] is the meaning of "Financial Arithmetic"?
A) A type of computer programming
B) The financial decisions we make every day
C) A form of ancient accounting
D) A complex mathematical theory
[Link] of the following is NOT a learning objective of this unit?
A) Differentiate between selling price and cost price
B) Calculate income tax
C) Solve problems involving commission
D) Learn about abstract algebra
[Link] term "overheads" is related to:
A) Profit and loss
B) Discount
C) Taxes
D) Simple interest
51."Principal" in financial arithmetic refers to:
A) The main rule or law
B) The initial amount of money borrowed or invested
C) The head of a school
D) The profit earned
[Link] is "Zakat" in financial arithmetic?
A) A type of tax
B) A kind of discount
C) A form of profit calculation
D) A term related to selling price
[Link] Abdul sells one toy car at a 10% gain and another at 10% loss, both at Rs
2000, what financial concept is this?
A) Simple interest
 B) Discount calculation
C) Profit and loss
D) Property tax
[Link] CP is Rs 60.40 and SP is Rs 59.80, what is the total gain or loss percent?
A) 0.99% gain
B) 0.99% loss
C) 1% gain
D) 1% loss
[Link] is Salim and Asma's goal in the lemonade stall problem?
A) Sell all lemonade
B) Make a profit of at least 20%
C) Attract customers
D) Make the best-tasting lemonade
[Link] are "Successive discounts"?
A) A single discount applied multiple times
B) Multiple discounts applied one after another
C) Very large discounts
D) Discounts for loyal customers
[Link] of these is NOT a type of tax mentioned in this unit?
A) Income tax
B) Property tax
C) General sales tax
D) Import tax
58."Rate of interest" is related to:
A) Profit and loss
B) Discount
C) Simple interest
D) Sales tax
[Link] does "exempt income" mean in income tax?
A) Fully taxed income
B) Income partially excluded from tax
C) Illegally earned income
D) Income from foreign sources
[Link] must people pay income tax annually?
A) To make the rich poorer
B) To fund public services and development
C) To discourage earning more
D) To track individual incomes
[Link] goods at a higher price than the cost leads to:
A) A loss
B) A profit
 C) A discount
D) A commission
[Link] selling price is less than cost price, what occurs?
A) Profit
B) Gain
C) Loss
D) Break-even
[Link] does "Commission" mean in finance?
A) A tax
B) A fee to an agent for selling
C) A discount on goods
D) A fixed salary
[Link] CP is Rs 100 and SP is Rs 115, what is the profit?
A) Rs 100
B) Rs 15
C) Rs 115
D) Rs 0
65.A loss of 20% means if CP is Rs 100, SP is:
A) 20% more than CP
B) 20% of CP
C) 80% of CP
D) 80% more than CP
[Link] is the core idea behind Financial Arithmetic?
A) Astronomical calculations
B) Daily financial decisions
C) Physics equations
D) Biology experiments
Financial Arithmetic MCQs (67–100)
[Link] of the following is an example of a financial decision mentioned in
everyday life?
A) Playing a video game
B) Paying bills
C) Reading a book
D) Watching television
[Link] is the main purpose of "discounts" for sellers?
A) To decrease sales
B) To attract customers
C) To increase production costs
D) To lower product quality
[Link] is the selling price when CP is Rs 200 and there's a profit of 10%?
A) Rs 200
 B) Rs 210
C) Rs 220
D) Rs 180
[Link] an item is sold for Rs 500 with a loss of 20%, what was its cost price?
A) Rs 400
B) Rs 600
C) Rs 625
D) Rs 550
[Link] is the general rule for calculating "Loss"?
A) Selling price - Cost price
B) Cost price - Selling price
C) Marked price - Discount
D) Profit - Cost price
[Link] term "MATH FLASH" likely refers to:
A) A quick math quiz or problem
B) A new mathematical theorem
C) A type of calculator
D) A historical event in mathematics
[Link] percentage for Profit percent calculation uses which value in the
denominator?
A) Selling Price (SP)
B) Marked Price (MP)
C) Cost Price (CP)
D) Discount
[Link] the Cost price is Rs 3000 and the Selling price is Rs 3060, what is the
profit?
A) Rs 60
B) Rs 3000
C) Rs 3060
D) No profit
[Link] the Cost price is Rs 3000 and the Selling price is Rs 3060, what is the profit
%?
A) 1%
B) 2%
C) 1.5%
D) 0.5%
[Link] the Marked Price is Rs 5600 and the Discount is Rs 1400, what is the Selling
Price?
A) Rs 5600
B) Rs 4200
C) Rs 7000
D) Rs 4000
[Link] the Marked Price is Rs 5600 and the Discount is Rs 1400, what is the
Discount %?
A) 15%
B) 20%
C) 25%
D) 30%
[Link] of the following is listed as an objective for students in this unit?
A) To write computer programs
B) To identify and differentiate between selling price, cost price, loss, and
discount
C) To compose musical scores
D) To conduct scientific experiments
[Link] concept of "Value-added tax" (VAT) is introduced in which section?
A) Profit and Loss
B) Discount
C) Taxes
D) Simple Interest
[Link] type of income is explicitly mentioned as "exempt income"?
A) Income from bonuses
B) Income from house property
C) Certain types of income that the government allows to be excluded
D) Profits from games
[Link] term "commission" in financial arithmetic typically means:
A) A discount
B) A tax
C) A percentage of sales paid to an agent
D) A type of interest
[Link] the context of "zakat and ushr," what is "zakat"?
A) A type of interest
B) A form of religious charitable giving
C) A discount on goods
D) A government tax on property
[Link] is "ushr"?
A) A tax on sales
B) A tax levied on agricultural produce
C) A type of income
D) A banking fee
[Link] we use coupons at the grocery store, this is an example of:
A) Risk management
B) Financial Arithmetic
C) Stock trading
D) Inventory management
[Link] is the meaning of "Profit percent"?
A) The percentage of the selling price that is profit
B) The percentage of the cost price that is profit
C) The total amount of profit
D) The profit per item
[Link] a table lamp is bought at Rs 640 and sold for Rs 736, what is the gain?
A) Rs 640
B) Rs 96
C) Rs 736
D) Rs 0
[Link] CP is Rs 100 and SP is Rs 80, what is the loss?
A) Rs 100
B) Rs 80
C) Rs 20
D) Rs 0
[Link] main goal of a businessman is to sell goods at a price that is:
A) Lower than the cost price
B) Equal to the cost price
C) Higher than the cost price
D) Irrelevant to the cost price
[Link] is the name of the price at which an article is sold?
A) Cost price
B) Marked price
C) Selling price
D) Discount price
[Link] phrase "Grand Eid discounts" indicates a reduction in:
A) Quantity
B) Quality
C) Prices
D) Delivery time
[Link] of the following is explicitly mentioned as part of "income" for income
tax purposes?
A) Salary
B) Hobby income
C) Gifts from friends
D) Lottery winnings
[Link] government charges different income tax rates based on:
A) Age of the person
B) Gender of the person
C) Levels of income
D) Place of residence
[Link] is the "selling price" in the context of discounts?
A) The price printed on the tag
B) The price paid by the buyer
C) The original cost of the item
D) The price before any reduction
[Link] a shopkeeper allows a discount of 10% on goods marked at Rs 120, what is
the selling price?
A) Rs 120
B) Rs 108
C) Rs 100
D) Rs 110
[Link] the context of financial arithmetic, what is "budgeting"?
A) Counting money
B) Planning how to spend and save money
C) Investing in stocks
D) Paying bills without a plan
[Link] is the meaning of "forecasting inventory management"?
A) Predicting future weather
B) Estimating future stock needs and managing them
C) Organizing inventory without prediction
D) Counting current inventory
[Link] sells one toy car at a 10% gain and another at 10% loss, both for Rs
2000 each. What does this illustrate?
A) Fixed profit
B) Variable profit and loss on different items
C) Constant interest rates
D) Only discounts
[Link] a problem asks "What must he sell it for to gain 15%?" after a loss, it
implies finding a new:
A) Cost price
B) Marked price
C) Selling price
D) Discount rate
[Link] definition of "Loss percent" uses which value in the denominator?
A) Selling Price (SP)
B) Marked Price (MP)
C) Cost Price (CP)
D) Discount
100. "FINANCIAL ARITHMETIC" forms the basis for:
A) Artistic expression
B) Everyday financial decisions
 C) Geological studies
D) Complex computer algorithms
Answer Key (1–100)
1. D
2. C
3. C
4. B
5. B
6. C
7. B
8. A
9. C
10.C
11.C
12.B
13.A
14.B
15.C
16.C
17.C
18.B
19.C
20.C
21.B
22.B
23.B
24.B
25.B
26.B
27.A
28.B
29.B
30.C
31.C
32.B
33.C
34.B
35.C
36.B
37.B
38.C
39.C
40.B
41.C
42.C
43.A
44.B
45.C
46.C
47.D
48.B
49.C
50.B
51.C
52.C
53.B
54.D
55.B
56.C
57.B
58.B
59.D
60.B
61.B
62.C
63.B
64.B
65.C
66.C
67.B
68.B
69.B
70.B
71.B
72.A
73.C
74.A
75.A
76.B
77.C
78.B
79.C
80.C
81.C
82.B
83.B
84.B
85.B
86.B
87.C
88.C
89.C
90.C
91.A
92.C
93.B
94.B
95.B
96.B
97.B
98.C
99.C
100. B