Class VIII

Henry buys a designer furniture set at price of $1200. He pays 25% deposit and interest in 36 months plus outstanding balance. interest charged on balance is 12%. amount remaining after deposit is
  1. $1,000
  2. $1,300
  3. $900
  4. $1,200
In a city book store, 70% of books are classified as non-fiction and remainder as fiction. There are total 2400 more non-fiction books than fiction books. owner wants to increase non-fiction books by 5% at an average cost of $22. cost of new non-fict
  1. $4,620
  2. $4,500
  3. $4,350
  4. $5,250
Income tax imposed on first $30000 is $600 and on next $10000 income is 6%. If chargeable income is $39200 then income tax payable is
  1. $1,452
  2. $1,152
  3. $1,252
  4. $1,352
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. $11,960.70
If antique piece is sold for $1200 at gain of 30% on sale price then profit is
  1. $960
  2. $923
  3. $823
  4. $723
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