7.Comparing Quantities Quiz

What is the formula to calculate discount?

• Marked price - Sale price

• Marked price / Sale price

• Marked price + Sale price

• Marked price * Sale price

What is the tax collected by the shopkeeper from the customer and given to the government?

• Income Tax

• Sales Tax (ST)

• Property Tax

• Value Added Tax (VAT)

What is the extra money paid by institutions like banks or post offices on money deposited with them?

• Tax

• Profit

• Interest

• Discount

What is the interest calculated on the previous year’s amount known as?

• Interest Compounded

• Interest Rate

• Compound Interest (CI)

• Simple Interest (SI)

What is the selling price of an item added to the value of the bill?

• Sale price

• Marked price

• Discount

• Sales Tax

What is the reduction given on the Marked price?

• Profit

• Sales Tax

• Interest

• Discount

What is the type of tax included in the prices known as?

• Income Tax

• Property Tax

• Sales Tax

• Value Added Tax (VAT)

What is the interest calculated on the amount of the previous year?

• Interest Compounded

• Simple Interest (SI)

• Compound Interest (CI)

• Interest Rate

What is the interest paid by people when they borrow money?

• Interest Compounded

• Interest Rate

• Compound Interest (CI)

• Simple Interest (SI)

What is the interest calculated on the previous year’s amount (A = P + I)?

• Interest Compounded

• Interest Rate

• Simple Interest (SI)

• Compound Interest (CI)