Money Math

Front

What is the formula to calculate percentage?

Back

Percentage = (Part / Whole) × 100

Front

What percent of 800 is 40?

Back

5%

Front

If an item costs Rs.850 and is sold at 40% off, how much is the discount?

Back

Discount = 40% of 850 = Rs.340

Front

How do you calculate the selling price (S.P) if you know the cost price (C.P) and profit?

Back

Selling Price (S.P) = Cost Price (C.P) + Profit

Front

What is the relationship between Selling Price (S.P) and Cost Price (C.P) when there is a profit?

Back

S.P > C.P indicates a profit.

Front

What is the relationship between Selling Price (S.P) and Cost Price (C.P) when there is a loss?

Back

S.P < C.P indicates a loss.

Front

Reynold bought an almirah for Rs.6250 and spent Rs.375 on repairs. What is the total cost price?

Back

Total Cost Price = 6250 + 375 = Rs.6625

Front

If Reynold sold the almirah for Rs.6890, what is his gain or loss?

Back

Gain = Selling Price - Total Cost Price = 6890 - 6625 = Rs.265

Front

How do you calculate gain or loss percentage?

Back

Gain/Loss Percentage = (Gain/Loss / Cost Price) × 100

Front

What is the gain percentage if the gain is Rs.265 and the cost price is Rs.6625?

Back

Gain Percentage = (265 / 6625) × 100 = 4%