5 Questions
What is the condition for a 'profit' in a transaction?
Selling at a higher price than the purchase price
What is the condition for a 'loss' in a transaction?
Selling at a lower price than the purchase price
What is the cost price (C.P.) of 1 ball pen if 90 ball pens are sold for ₹160 and there is a 20% loss?
$C.P. = ₹ 20/9$
If a person wants to make a profit of 20%, how many ball pens should be sold for ₹96 if the cost price (C.P.) of 1 ball pen is ₹20/9?
$x = 48$
What is the selling price (S.P.) of 90 ball pens if the cost price (C.P.) of 1 ball pen is ₹20/9 and there is a loss of 20%?
$S.P. = ₹160$
Test your knowledge of profit and loss with these practice questions. Understanding this concept is essential as it has real-life applications. This quiz provides questions covering different types of profit and loss scenarios.
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