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Practice Questions
Test your understanding with targeted questions related to the topic.
Question 1
Easy
If an item is bought for $30 and sold for $50, what is the profit?
💡 Hint: Use the formula Profit = S.P. - C.P.
Question 2
Easy
What is the cost price if the selling price is $80 and profit is $40?
💡 Hint: Use the formula C.P. = S.P. - Profit.
Practice 4 more questions and get performance evaluation
Interactive Quizzes
Engage in quick quizzes to reinforce what you've learned and check your comprehension.
Question 1
What is the formula for calculating profit percentage?
- \\(\\frac{Profit}{C.P.} \\times 100\\)
- \\(\\frac{C.P.}{Profit} \\times 100\\)
- \\(\\frac{S.P.}{C.P.} \\times 100\\)
💡 Hint: Recall how profit relates to cost price.
Question 2
If the selling price is $120 and the cost price is $100, what is the profit?
💡 Hint: Remember the profit formula.
Solve 1 more question and get performance evaluation
Challenge Problems
Push your limits with challenges.
Question 1
A bike is bought for $800 and is sold at a loss of 15%. Calculate the selling price and the actual loss incurred.
💡 Hint: Use loss formulas to derive both values.
Question 2
An item is marked at $600, and a discount of 20% is offered. Calculate the selling price after applying the discount. If the cost was $500, what profit or loss occurs?
💡 Hint: Calculate the discount first, then use the selling price to find profit or loss against the cost price.
Challenge and get performance evaluation