Money

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

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

What is the formula of loss

• Loss = cost price-selling price

• Loss = selling price - cost price

• Loss=selling price + cost price

• None of these

What are overhead charges?

• Extra money paid for products

• Selling price of materials

• Discounts given on item

• Cost of buying materials

Profit occurs when

• Cost price = selling price

• Cost price >selling price

• Cost price <selling price

• None of these

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

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

What is the profit percentage if cost prices Rs.200 and profit is Rs.50 ?

• 20%

• 25%

• 30%

• 50%

If cost price is Rs. 300 and loss percentage =10% , what is the selling price?

• Rs 270

• Rs 280

• Rs.300

• Rs.310

What is 25% of 800?

• Rs.100

• Rs 150

• Rs.200

• Rs.250