Profit and Loss

A visually engaging graphic illustrating concepts of profit, loss, discounts, and simple interest in a financial context, with colorful charts and icons representing money and calculations.

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!

10 Questions2 MinutesCreated by CalculatingEagle473

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?

� 500

� 1000

� 644

� 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

Profit and Loss

Mastering Profit and Loss

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