Money

Money

5th Grade

20 Qs

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Money

Money

Assessment

Quiz

Mathematics

5th Grade

Practice Problem

Medium

Created by

Soni Trivedi

Used 1+ times

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20 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is profit?

When cost price is more than selling price

When selling price is more than cost price

When cost price and selling price are the same

None of these

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is loss?

When cost price is less than selling price

Then selling price is less than cost price

When cost price and selling price of the same

None of these

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the formula of loss

Loss = cost price-selling price

Loss = selling price - cost price

Loss=selling price + cost price

None of these

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What are overhead charges?

Extra money paid for products

Selling price of materials

Discounts given on item

Cost of buying materials

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Profit occurs when

Cost price = selling price

Cost price >selling price

Cost price <selling price

None of these

6.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

If the cost prices is Rs.200 and the profit is Rs. 50 what is the selling price?

Rs.150

Rs.200

Rs.250

Rs.300

7.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

A shopkeeper bought a book for Rs.50 and sold it for Rs. 70.what is the profit?

Rs.20

Rs.30

Rs.40

Rs.10

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