Chapter 7 Financial Arithmetic Math 7th Class Punjab MCQ Tests
7th Class Math Chapter 7 MCQ Tests
Chapter 7 of 7th Class Math has 10 questions. If you take an online MCQ test, the system will randomly choose the questions. If you want to take the quiz by chapter then click the start test button.
Total Questions: 10
Total Marks: 10
Time: 10 Mins
Total Questions: 10
Total Marks: 10
Time: 10 Mins
10Min : 00 Sec Remaining
Question # 1
A man buys an article for Rs. 27.50 and sells it for Rs. 28.60 . Find his profit percent.
Question # 2
A manufacturer printed the price of his goods as $ 120 per article. He allowed a discount of 30 % to the wholesaler who in turn allowed a discount of 20 % on the printed price to the retailer. If the prescribed rate of sales tax on the goods is 10 % and the retailer sells it to the consumer at the printed price, then find the value added tax paid by the wholesaler and the retailer.
Question # 3
Farhan has a property of worth R s . 6 , 000 , 000 . If the property tax is 10 % . Calculate the amount of property tax.
Question # 4
Ali has a house of worth $ 600 , 000 . Given that the property tax is 8 percent, calculate the total amount of property tax.
Question # 5
Kylie buys an article for $ 10000 and pays 7 % tax. He sells the same article for $ 13000 and charges 9 % tax. Find the VAT paid by Kylie.
Question # 6
Calculate the amount of ushr on a rice crop of weight 3000 k g produced by artificial sources, if the price of 40 k g rice is Rs. 2000
Question # 7
If the cost price is 25 % of selling price. Then what is the profit percent?
Question # 8
Mr. A, non-resident person, employed in UK received R s . 500 , 000 as salary. Which of the following statement true for Mr. A?
Question # 9
If the wheat crop is produced 40000 k g by natural resources, calculate the amount of ushr, if the price of wheat is Rs. 950 per 40 kg.
Question # 10
Saleem saved an amount of R s . 1 , 000 , 000 in a year. Find the amount of Zakat he has to pay.
Total Questions
12345678910
Question # 1
A man buys an article for Rs. 27.50 and sells it for Rs. 28.60 . Find his profit percent.
Question # 2
A manufacturer printed the price of his goods as $ 120 per article. He allowed a discount of 30 % to the wholesaler who in turn allowed a discount of 20 % on the printed price to the retailer. If the prescribed rate of sales tax on the goods is 10 % and the retailer sells it to the consumer at the printed price, then find the value added tax paid by the wholesaler and the retailer.
Question # 3
Farhan has a property of worth R s . 6 , 000 , 000 . If the property tax is 10 % . Calculate the amount of property tax.
Question # 4
Ali has a house of worth $ 600 , 000 . Given that the property tax is 8 percent, calculate the total amount of property tax.
Question # 5
Kylie buys an article for $ 10000 and pays 7 % tax. He sells the same article for $ 13000 and charges 9 % tax. Find the VAT paid by Kylie.
Question # 6
Calculate the amount of ushr on a rice crop of weight 3000 k g produced by artificial sources, if the price of 40 k g rice is Rs. 2000
Question # 7
If the cost price is 25 % of selling price. Then what is the profit percent?
Question # 8
Mr. A, non-resident person, employed in UK received R s . 500 , 000 as salary. Which of the following statement true for Mr. A?
Question # 9
If the wheat crop is produced 40000 k g by natural resources, calculate the amount of ushr, if the price of wheat is Rs. 950 per 40 kg.
Question # 10
Saleem saved an amount of R s . 1 , 000 , 000 in a year. Find the amount of Zakat he has to pay.
Total Questions
12345678910
Math MCQ Test by Topics
- +7.1 Taxes
- +7.1.1 Property tax and General sales tax
- +7.1.1 General Sales Tax
- +7.2 Profit and Markup
- +7.3 Zakat and Usher
Math
7th Class Punjab MCQ Tests
7th Class Online Classes 2026
Updated on: 01-06-2026
7th Class Online Preparation
7th Class 2026 Online
7th Class 2026
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