BM 4th Summative

The term used to describe money gained after a sale.

• cost price
• selling price
• profit 
• loss

Reena sold a carpet for Php100. The cost price of the carpet was Php80, find the profit or loss.

• Php20 profit

• Php180 profit

• Php20 loss

• Php180 loss

Tom helped his uncle move. He spent Php30 for gas for his truck, and Php20 for work gloves. His uncle paid him Php200 for his help. What was Tom's profit?

• Php50

• Php150

• Php250

• Php30

Evan earned Php300 by doing yard work. His profit was Php250. How much were his expenses?

• Php550

• Php300

• Php250

• Php50

What is the profit percent if a shopkeeper buys a football for Php12 and sells it for Php15?

• 80%

• 25%

• 20%

• 50%

What is the percentage profit if Tony buys a watch for Php50 and sells it for Php60?

• 20%
• 25%
• 16.6%
• 16.7%

What is formulae to calculate profit percentage?

• Profit% = $\frac{profit}{C.P.}\times100\%$

• Profit% = $\frac{C.P}{profit}\times100\%$

• Profit% = $\frac{profit}{S.P.}\times100\%$

• $\Pr ofit\%=\frac{profit}{C.P.}$

What is condition of loss?

• M.P. > S.P.

• S.P. > C.P.

• C.P. > S.P.

• S.P. > M.P.

Ben bought a pen at P10 each and sold it for 12.

• Profit

• Loss

• Break-even

Martha bought a scientific calculator at P2000. When a new and upgraded model was released two months, she sold her scientific calculator for P1200 to buy the new one.

• Profit

• Loss

• Break-even