VIP Exclusive

IBA Institute of Business Administration VIP Practice Exam

IBA — This practice exam mirrors the IBA Karachi (Institute of Business Administration, Karachi) entrance test — one of Pakistan's most competitive university admission exams, administered by IBA Karachi for undergraduate and graduate programs. The real exam covers Quantitative Reasoning, Verbal Ability, Analytical/Critical Reasoning, and English Comprehension, typically comprising 70–100 questions within a 2-hour window, with a highly competitive cutoff that varies by program and year.

31
Questions
120m
Time Limit
70.00%
To Pass
Question 1 of 31👑 VIP

A trading company buys a batch of goods for PKR 84,000 and marks them up by 25%. During a seasonal sale, the company offers a 10% discount on the marked price. After paying a commission of 2% on the final selling price to the sales agent, what is the company's net profit or loss percentage on the cost price?

Questions 2–31 and full explanations are VIP-exclusive.