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Profit and Loss

Workshop Calculation and Science, Module-5

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By Roni
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Profit and Loss


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Q1: What is discount?

  • Selling price is less than Cost price
  • Selling price is greater than Cost price
  • The reduction given to the selling price of a product
  • Selling price + discount

Q2: What is a profit?

  • Selling price - Cost price
  • Cost price - Selling price
  • Selling price + Cost price
  • Cost price + Selling price

Q3: What is the term, if an article is purchased?

  • Selling price
  • Cost price
  • Margin price
  • Discount price

Q4: What is the expanded form of S.P?

  • Selected Price
  • Special Price
  • Selling Price
  • Super Price

Q5: Which is the short form of profit and loss statement?

  • P & L
  • PR & LS
  • PRO & LOS
  • L & P

Q6: What is denoted as 'I'?

  • Principal
  • Interest
  • Rate
  • Year

Q7: How is 'Principal' denoted in simple interest calculation?

  • P
  • R
  • n
  • I

Q8: What is the formula for the calculation of simple interest?

  • \( I = \frac{Pnr}{100} \)
  • \( I = \frac{P \times r}{n \times 100} \)
  • \( I = \frac{100}{Pnr} \)
  • \( I = \frac{P \times n}{r \times 100} \)

Q9: What is the formula for compound interest, if compounded annually?

  • \( A = P(1 + \frac{r}{100})^2n \) and C.I = A - P
  • \( A = P(1 - \frac{r}{100})^n \) and C.I = A - P
  • \( A = P(1 + \frac{r}{100})^n \) and C.I = A - P
  • \( A = \frac{Pnr}{100} \)

Q10: How are the years denoted in simple interest calculations?

  • P
  • r
  • n
  • I

Q11: How is profit/gain expressed?

  • ₹
  • S
  • %
  • —

Q12: What is the formula to find Loss%?

  • \( \frac{\text{Loss} \times 100}{\text{C.P}} \)
  • \( \frac{\text{C.P}}{\text{Loss} \times 100} \)
  • \( \frac{\text{Loss}+100}{\text{S.P}} \)
  • \( \frac{\text{S.P}}{\text{Loss}+100} \)

Q13: What is the cost price (C.P) formula if there is a profit?

  • \( \frac{100}{100 - \text{Loss}\%} \times \text{S.P} \)
  • \( \frac{100}{100 + \text{Profit}\%} \times \text{S.P} \)
  • \( \frac{100 + \text{Profit}\%}{100} \times \text{C.P} \)
  • \( \frac{100 - \text{Loss}\%}{100} \times \text{C.P} \)

Q14: What is the formula to find selling price (S.P) if there is a loss?

  • \( \frac{100}{100+\text{Profit}\%} \times \text{S.P} \)
  • \( \frac{100+\text{Profit}\%}{100} \times \text{C.P} \)
  • \( \frac{100}{100-\text{Loss}\%} \times \text{S.P} \)
  • \( \frac{100-\text{Loss}\%}{100} \times \text{C.P} \)

Q15: What is the formula to find Profit%?

  • \( \frac{\text{C.P} \times 100}{\text{Profit}} \)
  • \( \frac{\text{Profit} \times 100}{\text{S.P}} \)
  • \( \frac{\text{S.P}-\text{C.P}}{\text{Profit}} \times 100 \)
  • \( \frac{\text{Profit} \times 100}{\text{C.P}} \)

Q16: What is the profit amount if the iPhone cost price is Rs.50000/- and selling price is Rs.70000/-?

  • Rs. 2000/-
  • Rs. 10000/-
  • Rs. 20000/-
  • Rs. 50000/-

Q17: What is the selling price if the profit is 5% for a computer table bought at Rs.1150/- with Rs.50/- as transport charge?

  • 1160
  • 1620
  • 1060
  • 1260

Q18: What is the cost price if the product is sold at ₹572 with a profit of ₹72?

  • ₹500
  • ₹1000
  • ₹644
  • ₹472

Q19: What is the profit % if the cost price of 16 bolts is equal to the selling price of 12 bolts?

  • 13.33%
  • 23.33%
  • 33.33%
  • 43.33%

Q20: What is the selling price if the cost price is Rs.7282/- with a profit of Rs.208?

  • Rs.7074
  • Rs.7698
  • Rs.7290
  • Rs.7490

Q21: What is the interest earned if the principal is Rs.12000/- becomes an amount of Rs.15600/-?

  • Rs.2600
  • Rs.3600
  • Rs.4600
  • Rs.5600

Q22: What is the principal amount deposited if the maturity proceeds to an amount of Rs.25000/- and interest earned Rs.6000/-?

  • Rs.31000/-
  • Rs.19000/-
  • Rs.20000/-
  • Rs.25000/-

Q23: What is the interest earned if the principal is Rs.12500/- and maturity becomes Rs.17500/-?

  • Rs.30000
  • Rs.25000
  • Rs.5000
  • Rs.5500

Q24: What is the matured amount for the deposit of Rs.5000/- and simple interest earned Rs.500/-?

  • Rs.4500
  • Rs.5500
  • Rs.6000
  • Rs.6500

Q25: What is the simple interest for the principal amount of Rs.100000 at 10% per annum for 1 year?

  • Rs.1000/-
  • Rs.5000/-
  • Rs.50000/-
  • Rs.10000/-

Q26: What is the compounded annual interest for a loan amount of Rs.80000/- at 10% per annum for 2 years?

  • Rs.16800/-
  • Rs.92400/-
  • Rs.96800/-
  • Rs.94800/-

Q27: What is the compounded amount if the principal is Rs.30000/- and interest earned at 7% per annum is Rs.4347?

  • Rs.30347/-
  • Rs.32347/-
  • Rs.33347/-
  • Rs.34347/-

Q28: What is the difference between simple and compound interest at 5% per annum for 2 years on a principal of Rs.20000/-?

  • Rs.5
  • Rs.25
  • Rs.50
  • Rs.55

Q29: What is the maturity amount if Rs.20000 is deposited at 5% compound interest per annum for 2 years?

  • Rs.22000
  • Rs.22050
  • Rs.22500
  • Rs.25000

Q30: What is the compound interest on a principal of Rs.25000/- after 3 years at 12% per annum?

  • Rs.9000
  • Rs.9720
  • Rs.10123.20
  • Rs.10483.20
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2nd year, WCS
WCS ITI
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