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Sticky Note
Akbar borrowed 70,000 from a bank at 7% interest for 3 years. The amount of markup is?
  1. 16200
  2. 14700
  3. 15200
  4. None of these
Explanation

Calculating the Markup (Interest)

Interest = Principal × Rate × Time

= 70000 × 0.07 × 3

= 70000 × 0.21

= 14700

Related MCQs

A company has sales data for 5 years. If the revenue is $5000 and costs are $3500, what is the profit?
  1. $1000
  2. $1500
  3. $2000
  4. $2500
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Masood purchased a plot for Rs. 8,000. He sells the plot to Aftab at a profit of 20%. Aftab in turn sells that plot to Zahid at a loss of 20%. Does the plot cost Zahid?
مسعود نے ایک پلاٹ روپے میں خریدا۔ 8,000 وہ آفتاب کو 20% منافع پر پلاٹ فروخت کرتا ہے۔ آفتاب بدلے میں وہ پلاٹ زاہد کو 20% کے نقصان پر فروخت کرتا ہے۔ پلاٹ کی قیمت زاہد ہے؟
  1. 12,000
  2. 10,000
  3. 8670
  4. 7680
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If a car is sold for Rs. 50000 the profit is 17 percent, what would be profit percentage if sold for Rs. 47000?
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  2. 14.85%
  3. 16.85%
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Parties A, B, and C have a total monthly income of 90,000. If the combined income of B and C is 60,000, what is the income of Party A?
  1. 20,000
  2. 25,000
  3. 30,000
  4. Nine of these
اس سوال کو وضاحت کے ساتھ پڑھیں
A retailer increase the selling price by 25% due to which his profit percentage increase from 20% to 25%. What is the percentage increase in cost price?
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  4. None of these
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