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Practice Questions
Test your understanding with targeted questions related to the topic.
Question 1
Easy
What is the cost price if a product is sold for $150 with a profit of $50?
💡 Hint: Use the profit formula.
Question 2
Easy
If a book is priced at $30 and has a 20% discount, what is the selling price?
💡 Hint: Calculate the discount first.
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 profit?
💡 Hint: Think about what you gain over your initial investment.
Question 2
True or False: The selling price can never be less than the cost price.
- True
- False
💡 Hint: Consider what happens when you sell something for less than you bought it.
Solve 2 more questions and get performance evaluation
Challenge Problems
Push your limits with challenges.
Question 1
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.
Question 2
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.
Challenge and get performance evaluation