## 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