7.Comparing Quantities Quiz

What is the buying price of any item known as?

• Market Price

• Selling Price

• Retail Price

• Cost Price

What is the formula for calculating the amount when considering interest?

• Amount = Principal x Interest

• Amount = Principal - Interest

• Amount = Principal + Interest

• Amount = Principal / Interest

What does the letter 'R' represent in the formula for interest calculation?

• Rate of Inflation

• Rate of Return

• Rate of Interest

• Rate of Investment

How can fractions be converted to percentages?

• Divide by 100

• Multiply by 100

• Subtract 100

• Add 100

What is 75% as a fraction?

• 2/3

• 3/4

• 4/5

• 5/6

How can decimals be converted to percentages?

• Divide by 10%

• Multiply by 100%

• Multiply by 10%

• Divide by 100%

What is 0.25 as a percentage?

• 0.0025%

• 0.025%

• 25%

• 2.5%

What is the price at which you sell an item known as?

• Market Price

• Cost Price

• Retail Price

• Selling Price

What does the letter 'T' represent in the formula for interest calculation?

• Trend

• Time

• Total

• Transaction

How can percentages be converted to fractions?

• Subtract 100

• Add 100

• Divide by 100

• Multiply by 100