PROFIT AND LOSS

Formula to find profit % is :

• $\frac{SP-CP}{SP}×100\%$

• $\frac{SP-CP}{CP}×100\%$

• $\frac{CP-SP}{CP}×100\%$

• None

If an article was sold by gaining Rs. 800 for Rs. 2700, at what price it was bought?

(a)  

Ramesh bought a pen drive for Rs. 500 and sold it for Rs. 560. What his profit percent?

• 12%

• 10%

• 8%

• 15%

A shopkeeper sold an article at a loss ot 10%. Had it been sold for Rs.60 more, there would have profit of 10%, what is the cost price of the article?

• Rs.500

• Rs.400

• Rs.300

• Rs.200

The profit percent is found based on...

• Profit

• Selling Price

• Cost Price

• Sale Price

A grocer bought 300 eggs at Rs. 8 each. 25 eggs were broken and he/she sold the remaining eggs at Rs. 9.60 each. Find his/her Profit or Loss Percent.

• 11%

• 12%

• 10%

• 25%

Mr. Shakya purchased a gold item for Rs. 32,400. If the gold is slightly devaluated and he sold it at 5% loss, find the selling price of the item.

• Rs. 30,780

• Rs. 31,000

• Rs. 32,100

• Rs. 30,900

The GSTIN consists of

• 13 digits
• 14 digits
• 15 digits
• 16 digits

GST is known as;

• Goods and Services Tax
• Goods and Services Taxation
• Gold and Services Tax
• Gold and Sanctions Tax

GST rates applicable on goods and services are:

• 0% 5% 12% 18% 26%

• 0% 6% 12% 18% 28%

• 0% 5% 12% 18% 28%

• 0% 5% 12% 16% 28%