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Workshop Calculation and Science Practice Test: Profit & Loss
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Workshop Calculation and Science Practice Test: Profit & Loss
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25 Questions

1. A vendor sells apples at 10 for a rupee gaining 40%. How many apples did he buy for a rupee?
2. Which is the short form of profit and loss statement?
3. A sum of Rs.400 amounts to Rs.441 in 2 years. What will be its amount, if the rate of interest is increased by 5%?
4. If gain is Rs.20 and CP is Rs.150, then SP of the article is
5. What is the difference between the simple and the compound interest amount at 5% per annum for 2 years on a principal of Rs.20000/-?
6. The cost price of an LCD TV set is Rs.100000. If its price value depreciates at the rate of 10% per annum, then what will be the price at the end of 3 years?
7. What is the cost price (CP) formula if there is a profit?
8. A person buys a clock for Rs.500 and sell it for Rs.300. His loss percent is
9. What is a profit?
10. How the ʹPrincipalʹ is denoted in simple interest calculation?
11. What is the formula to find selling price (S.P) if there is a loss?
12. A person buys a ceiling fan for Rs.400 and sells it for Rs.600. His gain is
13. What is the formula to find Profit%?
14. If cost price is Rs.600 and loss is 20%, then SP is
15. At what rate of annual simple interest, a certain sum will amount to four times in 15 years?
16. What is the expanded form of S.P?
17. How the profit / gain is expressed?
18. A chair is bought for Rs.3000 and sold at a loss 6%. Its SP is
19. If a person gain Rs.20 on selling an article, which cost by him Rs.100, Then his gain percent is
20. What is denoted as ʹIʹ?
21. What is the cost price if the product is sold at Rs 572 with a profit of Rs 72?
22. A calculator is bought for Rs.350 and sold at a gain of 15%. What will be the selling price of Calculator?
23. What is the compound interest on a principal of Rs.25000/- after 3 years at the rate of 12% per annum?
24. What is the maturity amount if Rs.20000 is deposited at 5% compound interest per annum for 2 years?
25. A person gains rs.40 on selling a watch for Rs.400, then CP of the watch is

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