Profit and Loss

Profit and Loss

8th - 10th Grade

6 Qs

quiz-placeholder

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Profit and Loss

Profit and Loss

Assessment

Quiz

Mathematics

8th - 10th Grade

Hard

Created by

Diwakar Nepal

Used 3+ times

FREE Resource

6 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the formula of discount percent?

Discount percent = DiscountCP×100%Discount\ percent\ =\ \frac{Discount}{CP}\times100\%

Discount percent = DiscountSP×100%Discount\ percent\ =\ \frac{Discount}{SP}\times100\%

Discount percent = DiscountMP×100%Discount\ percent\ =\ \frac{Discount}{MP}\times100\%

Discount percent = MPDiscount×100%Discount\ percent\ =\ \frac{MP}{Discount}\times100\%

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

If the cost of an article with VAT is Rs 7,475 and without VAT is Rs 6,500, find the VAT amount.

Rs. 795

Rs. 975

Rs.13975

None of them

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Calculate the amount of VAT on the selling price of Rs 1,500 at the rate of 13%.

Rs. 175

Rs. 95

Rs. 13

Rs.195

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

S.P. with VAT = S.P. + ____________________.

MP

Profit

CP

VAT % of S.P.

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A shopkeeper purchased an electric fan for Rs 1,560 and sold it at 5% profit. Find the actual profit.

Rs. 78

Rs. 40

Rs. 25

Rs. 5

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The washing machine is sold at Rs. 18000 with 10% discount. Find the value of MP.

Rs. 30000

Rs. 18800

Rs.20000

None of them