Personal and Household Finances Multiple Choice Questions with Answers – PDF Download

MCQ 1: Henry and Hazel earns income of $5000. The expenses they have to meet are food $500, house loan $450, electricity, water and gas $135. telephone $50 and car maintenance $155. The total monthly expenses of Henry and Hazel are:

1. $1,790
2. $1,500
3. $1,390
4. $1,290

MCQ 2: The shopkeeper paid $80 each for two pair of shoes. He sell first pair of shoes making profit of 35% of cost price. He sell second pair of shoes at loss of 18% of cost price. The selling price of each pair of shoes respectively is:

1. $125, $60.7
2. $123, $69.7
3. $108, $65.6
4. $110, $68.6

MCQ 3: Henry and Hazel earns income of $5000. The expenses they have to meet are food $500, house loan $450, electricity, water and gas $135. telephone $50 and car maintenance $155. The monthly saving as %age of income is:

1. 38%
2. 28.67%
3. 32.67%
4. 35%

MCQ 4: If refrigerator cash price is $1050 and shop owner offers it on 15% deposit plus 24 monthly payments then the price refrigerator offered by shop is:

1. $1,517.50
2. $1,717.50
3. $1,817.50
4. $1,917.50