2024 Semester Exam Finacial Math

Front

What is the formula to calculate the new price after a discount?

Back

New Price = Original Price - (Discount Percentage × Original Price)

Front

If a computer originally costs $900 and is discounted by 32%, what is the new price?

Back

New Price = $900 - (0.32 × $900) = $612

Front

What is the formula to calculate loss percentage?

Back

Loss Percent = \(\frac{Loss}{C.P.} \times 100\%\)

Front

How do you calculate the loss if an item is bought for $400 and sold for $364?

Back

Loss = Cost Price - Selling Price = $400 - $364 = $36

Front

What is the percentage loss if an item is bought for $400 and sold for $364?

Back

Percentage Loss = \(\frac{Loss}{C.P.} \times 100\% = \frac{36}{400} \times 100\% = 9\%\)

Front

What is the loss of an item that cost $190 and sold for $175?

Back

Loss = Cost Price - Selling Price = $190 - $175 = $15

Front

What is the formula to calculate profit percentage?

Back

Profit Percent = \(\frac{Profit}{C.P.} \times 100\%\)

Front

If an item is bought for $250 and sold for $500, what is the percent profit?

Back

Profit = Selling Price - Cost Price = $500 - $250 = $250; Profit Percent = \(\frac{250}{250} \times 100\% = 100\%\)

Front

What is the formula to calculate selling price when profit is known?

Back

Selling Price = Cost Price + Profit

Front

If an item is bought for $400 and sold for $364, what is the loss amount?

Back

Loss = Cost Price - Selling Price = $400 - $364 = $36