Profit and Loss
Mastering Profit and Loss
Test your understanding of key concepts in profit and loss with this engaging quiz! Covering essential topics such as discounts, profit calculations, and simple interest, this quiz is perfect for beginners and those looking to refresh their financial knowledge.
- 10 multiple choice questions
- Instant feedback on your answers
- Learn valuable concepts in finance!
What is discount?
Selling price is less than Cost price
Selling price is greater than Cost price
The reduction given to the selling price of a product
Selling price + discount
What is a profit?
Selling price - Cost price
Cost price - Selling price
Selling price + Cost price
Cost price + Selling price
What is the term, if an article is purchased?
Selling price
Cost price
Margin price
Discount price
What is the expanded form of S.P?
Selected Price
Special Price
Selling Price
Super Price
How the ʹPrincipalʹ is denoted in simple interest calculation?
ʹPʹ
ʹIʹ
ʹRʹ
ʹnʹ
What is the formula for the calculation of simple interest?
I = Pnr / 100
I = 100 / pnr
I = p*r / n* 100
I = p*n / r*100
What is the profit amount, if the I - phone cost price is Rs.50000/- and selling price is Rs.70000/-?
Rs. 2000/-
Rs. 10000/-
Rs. 20000/-
Rs. 50000/-
What is the cost price if the product is sold at ₹ 572 with a profit of ₹ 72?
‚¹ 500
‚¹ 1000
‚¹ 644
‚¹ 472
What is the profit % if the cost price of 16 bolts is equal to the selling price of 12 bolts?
13.33
23.33
33.33
43.33
What is the interest earned, if the principal is Rs.12000/- becomes to an amount of Rs.15600/-?
Rs.2600
Rs.3600
Rs.4600
Rs.5600
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