Math Basics: Percentage, Profit & Loss, Ratio
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Questions and Answers

What is the percentage of 120 that is 24?

  • 30%
  • 25% (correct)
  • 20%
  • 15%

If the cost price of an item is $200 and the selling price is $280, what is the profit percentage?

  • 25% (correct)
  • 30%
  • 20%
  • 40%

What is the simplest form of the ratio 12:18?

  • 2:3 (correct)
  • 1:2
  • 4:6
  • 3:4

What is the loss percentage if the selling price of an item is $180 and the cost price is $200?

<p>15% (D)</p> Signup and view all the answers

Which of the following ratios are equivalent?

<p>3:4 and 6:8 (A)</p> Signup and view all the answers

Study Notes

Percentage

  • A percentage is a fraction with a denominator of 100.
  • It represents a part of a whole as a fraction of 100.
  • To find a percentage of a number, multiply the number by the percentage divided by 100.
  • Example: 25% of 200 = (25/100) × 200 = 50

Profit and Loss

  • Profit: The difference between the selling price and the cost price, when the selling price is greater.
  • Loss: The difference between the cost price and the selling price, when the selling price is less.
  • Formula:
    • Profit = Selling Price - Cost Price
    • Loss = Cost Price - Selling Price
  • Profit Percentage: (Profit / Cost Price) × 100
  • Loss Percentage: (Loss / Cost Price) × 100

Ratio and Proportion

  • Ratio: A comparison of two quantities by dividing one by the other.
  • Proportion: An equality of two ratios.
  • Equivalent Ratios: Ratios that have the same value.
  • Example: 2:4 is equivalent to 1:2
  • Simplest Form of a Ratio: The ratio in its most basic form, where the HCF of the numerator and denominator is 1.
  • Example: 4:6 in simplest form is 2:3

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Description

Learn the basics of math, including percentages, profit and loss calculations, and understanding ratios and proportions. Practice problems and examples to help you master these concepts.

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