Profit,loss , commission, VAT and discount

How profit is calculated?

• Profit = C.P. - S. P.

• Profit = S.P. - C. P.

• Profit = M.P. - S. P.

• None of the above

What is meaning of loss?

• Difference between marked price and selling price

• Difference between cost price and marked price

• Difference between selling price and cost price

• All of the above

What is formulae to calculate profit percentage?

• Profit% = $\frac{profit}{C.P.}\times100\%$

• Profit% = $\frac{C.P}{profit}\times100\%$

• Profit% = $\frac{profit}{S.P.}\times100\%$

• $\Pr ofit\%=\frac{profit}{C.P.}$

Tags

CCSS.6.RP.A.3C

What is condition of loss?

• M.P. > S.P.

• S.P. > C.P.

• C.P. > S.P.

• S.P. > M.P.

Meaning of profit is..

• Total money obtained by selling goods

• Difference of fixed price and selling price

• Value remaining after subtracting expenses from earnings

• Total expenses in transaction

What is formulae to calculate loss percentage?

​

• Loss Percent = $\frac{Loss}{C.P.}$

• Loss Percent = $\frac{loss}{C.P.\ }\times100\%$

• Loss Percent = $\frac{loss}{S.P.}\times100\%$

• Loss Percent = $\frac{C.P.}{loss}\times100\%$

Tags

CCSS.7.RP.A.2

CCSS.7.RP.A.3

Cost price =

• selling prce - profit

• profit - selling price

• selling price + profit

• none of the above

Tags

CCSS.6.RP.A.3B

Percentage of profit =

• $\frac{\Pr ofit}{SP}\times100\ \%$

• $\frac{SP-CP}{CP}\times100\ \%$

• $\frac{CP-SP}{CP}\times100\ \%$

• none of the above

Tags

CCSS.6.RP.A.3C

Percentage of loss on SP =

• $\frac{SP-CP}{CP}\times100\ \%$

• $\frac{CP-SP}{CP}\times100\ \%$

• $\frac{SP-CP}{SP}\times100\ \%$

• $\frac{CP-SP}{SP}\times100\ \%$

Tags

CCSS.6.RP.A.3C

Dicount =

• selling price - marked price

• marked price - selling price

• marked price - cost price

• cost price - marked price

Tags

CCSS.6.RP.A.3C