Taxmann’s CRACKER for Fundamentals of Business Mathematics & Statistics (CMA-Foundation | Paper 3) is a dedicated question bank designed to help you conquer the objective MCQ/OMR format. This paper rewards two things above all else: conceptual recall and the ability to solve accurately at speed. This 5th Edition (June 2026) spends minimal time re-teaching theory and maximum time putting you in the seat of the exam, question after question.

Key Exam Preparation Features

• Massive MCQ Bank (1,100+ Questions): Beyond solved past questions, the author supplies original practice MCQs, giving you the repetition needed to build exam-condition fluency.

• Self-Teaching Working Notes: Answers are not merely flagged; each numerical MCQ is supported by a clear, step-by-step ‘Working Note’ that shows exactly how the result is reached.

• Descriptive Questions Recast as MCQs: Valuable older descriptive questions have been expertly recast into the current objective pattern, preserving years of exam history.

• Strategic Trend Analysis: A front-matter analysis charts exactly how marks have been distributed across topics over recent sittings (2023 to June 2026), providing a built-in strategy map for prioritizing your study effort.

• Four Latest Solved Papers: The book closes with complete, timed-practice papers for Dec 2024, June 2025, Dec 2025, and June 2026 with suggested answers and full workings.

Complete Syllabus Coverage (Paper 3)

The book spans 27 chapters organized into 8 modules, covering the complete spectrum of business mathematics and statistics:

• Module 1: Arithmetic (Ratios, Proportions, Time Value of Money, Simple/Compound Interest, AP & GP, Time & Distance).

• Module 2: Algebra (Set Theory, Venn Diagrams, Indices, Logarithms, Permutation & Combinations, Quadratic Equations).

• Module 3: Calculus Application in Business (Revenue & Cost Functions, Optimization Techniques).

• Module 4: Statistical Representation of Data (Histograms, Frequency Polygons, Ogives, Pie-charts).

• Module 5: Central Tendency & Dispersion (Mean, Median, Mode, Range, Quartiles, Standard Deviation, Skewness).

• Module 6: Correlation & Regression (Scatter Diagrams, Karl Pearson’s Coefficient).

• Module 7: Probability (Concepts, Terminologies, Primary Applications).

• Module 8: Index Number & Time Series (Construction of Index Numbers, Trend Calculation by Moving Averages).

About the Author: CA Tarun Agarwal

CA Tarun Ramgopal Agarwal is a distinguished All-India Rank Holder at all levels of the Chartered Accountancy exams and a Gold Medalist in Financial Reporting. Holding multiple qualifications (CA, CS, LL.B., CFA, FRM), he is the founder of Simply Shiksha Coaching Institute in Surat. With over a decade of teaching experience, he has mentored more than 25 AIR holders in CMA studies and authored numerous best-selling CRACKER titles.