Profit, Loss & Discount

An article costing ₹5000 is sold for ₹4850. Is ther a profit or loss? What percentage is it?

• 3% profit

• 3% loss

• 3.09% profit

• 3.09% loss

If the selling price of an article is greater than the cost price, then there is a ________________

• profit

• loss

• discount

• marked price

Discount is always calculated on _______

• Cost price

• Selling price

• Marked price

• GST

Discount is always calculated on the _______

• Cost price

• Selling price

• Marked price

• GST

Total price of any product = ________ + Overhead expenses.

• Marked price

• Cost price

• Selling price

• GST

Selling price = Marked price - __________

• Cost price

• GST

• Overhead expenses

• Discount

Expansion of GST is __________

• Goods and Services Tax

• Goods and Sales Tax

• Government and Services Tax

• Government and Sales Tax

If the cost price of 10 articles = Selling price of 8 articles, then Profit or loss ___________

• profit 20%

• loss 20%

• profit 25%

• loss 25%

Loss or gain percentage is always calculated on the __________

• Cost price

• Selling price

• Marked price

• Overhead expenses

If the marked price of a water cooler is ₹4650. The shopkeeper offers an off-season discount of 18% on it. Then its selling price is ________

• ₹3813

• ₹3800

• ₹837

• ₹5487