CSEC CONSUMER ARITHMETIC MCQ1

If the simple interest on $800 for 3 years is 54$. What is the rate of interest per annum?

• A) 4/9 %
• B) 2.25%
• C) 5%
• D) 44%

How much does a customer pay for an article marked at $50.00 before taxes if a sales tax of 6% is charged?

• A) $56.00
• B) $53.00
• C) $47.00
• D) $44.00

A man bought a calf for $200.00 and sold it $250.00. What was his gain as a percentage of the cost price?

• A) 5%
• B) 15%
• C) 20%
• D) 25%

If TT6.00 is equivalent o US$1.00, then TT$15.00 is equivalent in U.S dollars is?

• A) $0.25
• B) $0.40
• C) $2.50
• D) $4.00

A Man's annual salary is $45 000. His tax free allowances total $13 000. He has to pay a tax of 35% on his taxable income. The tax payable is?

• A) $4 550.00
• B) $11 200.00
• C) $15750.00
• D) $20 300.00

During a sale a shop allows 20% discount off the marked price of clothing. What will a customer pay for a dress with a marked price of $30?

• A) $10
• B) $20
• C) $24
• D) $30

At the end of the year, a car is worth 5% less than what it was worth at the beginning of the year. If a car was bought for $10 000 in January 2009, its value in December 2009 was:

• A) 9 000
• B) $9 025
• C) $9 500
• D) $9 995

A man pays 60 cents for every 200 m cubed of gas used, plus a fixed charge of$13.25 How much does he pay when he uses 55 000 m cubed of gas?

• A) $178.25
• B) $175.25
• C) $165.00
• D) $151.25

If $7000 is borrowed at the rate of 5% per annum for 3 years, the simple interest is?

• A) $105
• B) $210
• C) $370
• D) $1050

A dress which costs $180 is being sold at a discount of 10%. The amount of the discount is

• A) $1.80
• B) $10.00
• C) $18.00
• D) $170.00