Workshop Calculation and Science

2nd Year

Module 7 - Profit and Loss

1: What is discount?
A : Selling price is less than Cost price
B : Selling price is greater than Cost price

C : The reduction given to the selling price of a product
D : Selling price + discount

2: What is a profit?

A : Selling price - Cost price
B : Cost price - Selling price
C : Selling price + Cost price
D : Cost price + Selling price

3: What is the term, if an article is purchased?
A : Selling price

B : Cost price
C : Margin price
D : Discount price

4: What is the expanded form of S.P?
A : Selected Price
B : Special Price

C : Selling Price
D : Super Price

5: Which is the short form of profit and loss statement?

A : P & L
B : PR & LS
C : PRO & LOS
D : L & P

6: What is denoted as ʹIʹ?
A : Principal

B : Interest
C : Rate
D : Year

7: How the ʹPrincipalʹ is denoted in simple interest calculation?

A : ʹPʹ
B : ʹIʹ
C : ʹRʹ
D : ʹnʹ

 

 

 

 

 

 

 

 

 

 

 

 

 



8: What is the formula for the calculation of simple interest?
A :
B :
C :
D :

9: What is the formula for compound interest, if compounded Annually?
A :
B :
C :
D :

10: How the years is denoted in simple interest calculations?
A : P
B : I

C : n
D : r

11: How the profit / gain is expressed?
A : ₹
B : $

C : %
D : *

12: What is the formula to find Loss%?

A :
B :
C :
D :

13: What is the cost price (C.P) formula if there is a profit?
A :
B :
C :
D :

14: What is the formula to find selling price (S.P) if there is a loss?
A :
B :
C :
D :

15: What is the formula to find Profit%?
A :
B :
C :
D :

 

 

 

 

 

 

 

 

 

 



16: What is the profit amount, if the i - phone cost price is Rs.50000/- and selling price is Rs.70000/-?
A : Rs. 2000/-
B : Rs. 10000/-

C : Rs. 20000/-
D : Rs. 50000/-

17: What is the selling price, if the profit is 5% for a computer table bought at Rs.1150/- with Rs.50/- as a transport charge?
A : 1160
B : 1620
C : 1060

D : 1260

18: What is the cost price if the product is sold at ₹ 572 with a profit of ₹ 72?
A : ₹ 500
B : ₹ 1000
C : ₹ 644
D : ₹ 472

19: What is the profit % if the cost price of 16 bolts is equal to the selling price of 12 bolts?
A : 13.33
B : 23.33

C : 33.33
D : 43.33

20: What is the selling price if the cost price is Rs.7282/- with a profit of Rs.208?
A : Rs.7074
B : Rs.7698
C : Rs.7290

D : Rs.7490

21: What is the interest earned, if the principal is Rs.12000/- becomes to an amount of Rs.15600/-?
A : Rs.2600

B : Rs.3600
C : Rs.4600
D : Rs.5600

22: What is the principal amount deposited, if the maturity proceeds to an amount of Rs.25000/- and interest earned Rs.6000/-?
A : Rs.31000/-

B : Rs.19000/-
C : Rs.20000/-
D : Rs.25000/-

 

 

 

 

 

 

 

 

 

 

 

 



23: What is the interest earned, if the principal is for Rs.12500/- maturity becomes to a amount of Rs.17500/-?
A : Rs.30000
B : Rs.25000

C : Rs.5000
D : Rs.5500

24: What is the matured amount for the deposit of Rs.5000/- and the simple interest earned for Rs.500/-?
A : Rs.4500

B : Rs.5500
C : Rs.6000
D : Rs.6500

25: What is the simple interest for the principal amount of Rs.100000 at 10% per annum for 1 year period?
A : Rs.1000/-
B : Rs.5000/-
C : Rs.50000/-

D : Rs.10000/-

26: What is the compounded annual interest, for a loan amount of Rs.80000/- at 10% per annum for a period of 2 years?
A : Rs.16800/-
B : Rs.92400/-
C : Rs.96800/-
D : Rs.94800/-

27: What is the compounded amount, if the principal of Rs.30000/- and interest earned at 7% per annum is Rs.4347?
A : Rs.30347/-
B : Rs.32347/-
C : Rs.33347/-

D : Rs.34347/-

28: 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/-?
A : Rs.5
B : Rs.25

C : Rs.50
D : Rs.55

29: What is the maturity amount if Rs.20000 is deposited at 5% compound interest per annum for 2 years?
A : Rs.22000

B : Rs.22050
C : Rs.22500
D : Rs.25000

30: What is the compound interest on a principal of Rs.25000/- after 3 years at the rate of 12% per annum?
A : Rs. 9000
B : Rs.9720

C : Rs.10123.20
D : Rs.10483.20