2.1 - Introduction to Commercial Mathematics
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Practice Questions
Test your understanding with targeted questions
What is the cost price if a product is sold for $150 with a profit of $50?
💡 Hint: Use the profit formula.
If a book is priced at $30 and has a 20% discount, what is the selling price?
💡 Hint: Calculate the discount first.
4 more questions available
Interactive Quizzes
Quick quizzes to reinforce your learning
What is the formula for profit?
💡 Hint: Think about what you gain over your initial investment.
True or False: The selling price can never be less than the cost price.
💡 Hint: Consider what happens when you sell something for less than you bought it.
2 more questions available
Challenge Problems
Push your limits with advanced challenges
A retailer sells a phone at a 30% profit on its cost price of $400. If the phone is then marked down 25%, what is the new selling price?
💡 Hint: First calculate the profit, then apply the discount.
An item has a marked price of $500. If two successive discounts of 20% and 15% are applied, followed by a 10% GST, what is the final amount payable by the customer?
💡 Hint: Calculate each discount separately before adding GST.
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