Maths Profit and Loss Test 10: Key Business Concepts

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Maths Profit and Loss Test 10: Master Key Business and Financial Concepts

Calculating profit and loss is one of the basic pillars of business and financial literacy, both in business and daily life. When these concepts are understood, it becomes easier to make informed decisions about investments, expenses, savings, and more in overall financial life. Maths Profit and Loss Test 10 in Nokryan provides step-by-step explanations and real-world examples, practice the most difficult topics on the provided structured format on the website.

Key Concepts Covered

This test focuses on critical areas, including:

  • Understanding Profit and Loss – Learn the basic definitions and differences between profit, loss, cost price, and selling price.
  • Profit and Loss Formulas – Master essential formulas such as:
    • Profit = Selling Price – Cost Price
    • Loss = Cost Price – Selling Price
    • Profit Percentage = (Profit / Cost Price) × 100
    • Loss Percentage = (Loss / Cost Price) × 100
  • Markup and Discounts – Learn how businesses set prices with markups, markdowns, and discounts.
  • Break-Even Analysis – Find out how to compute the point where total cost equals total revenue so that there is no profit or loss.
  • Concept of Selling Price and Cost Price – Get a clear understanding of how selling price is set based on cost and expected profit.
  • Tax and Profit Calculation – Get to know how Value-Added Tax (VAT) and Goods and Services Tax (GST) affect profit calculations.
  • Real-Life Applications – Apply profit and loss calculations in business decisions, investment analysis, and personal financial planning.

Why Take Maths Profit and Loss Test 10?

  • Comprehensive Explanations – Step-by-step breakdowns of profit and loss problems with easy-to-follow solutions.
  • Time-Saving Techniques – Learn quick mental math tricks to calculate profit percentages and losses efficiently.
  • Practice Questions – Solve a variety of problems ranging from beginner to advanced difficulty levels.
  • Business and Financial Applications – Understand how these concepts are used in retail pricing, stock market investments, and small business management.
  • Exam Preparation – Ideal for students preparing for competitive exams and entrance tests where profit and loss problems are commonly asked.

Who Should Take This Test?

  • Competitive Exam Aspirants – Essential for students appearing in banking, government, and entrance exams.
  • Entrepreneurs and Business Owners – Helps in making sound financial decisions regarding pricing and cost management.
  • Finance and Commerce Students – Useful for those studying business and commerce-related subjects.
  • Individuals Seeking Financial Literacy – Beneficial for anyone looking to improve their understanding of money management and business profits.

Get Started Today!

The Maths Profit and Loss Test 10 at Nokryan.com provides an interactive and engaging way to master these essential financial concepts. Whether you’re preparing for an exam, running a business, or just improving your financial knowledge, our resources ensure a comprehensive learning experience.

Take the test now and gain confidence in solving profit and loss problems with Nokryan.com!

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Basic Maths Online Quiz Test

Maths Profit and Loss Test.10

Quiz Instructions:

  • There will be 20 multiple choice question in this online test.
  • Answer of the questions will change randomly each time you start this test.
  • Practice this test at least 3 times if you want to secure High Marks.
  • At the End of the Test you can see your Test score and Rating.

1 / 20

The cost price of an article is 64% of the marked price. Calculate the gain percent after allowing a discount of 12%.

2 / 20

A trader marked the selling price of an article at 10% above the cost price. At the time of selling, he allows certain discount and suffers a loss of 1%. He allowed a discount of :

3 / 20

A trader mixes 26 kg of rice at Rs. 20 per kg with 30 kg of rice of other variety at Rs. 36 per kg and sells the mixture at Rs. 30 per kg. His profit percent is:

4 / 20

When a plot is sold for Rs. 18,700, the owner loses 15%. At what price must that plot be sold in order to gain 15%?

5 / 20

On selling 17 balls at Rs. 720, there is a loss equal to the cost price of 5 balls. The cost price of a ball is:________?

6 / 20

A dealer marks his goods 20% above cost price. He then allows some discount on it and makes a profit of 8%. The rate of discount is:

7 / 20

A cloth merchant has announced 25% rebate in prices. If one needs to have a rebate of Rs. 40. Then how many shirts each costing Rs.32 he should purchase?

8 / 20

The difference between a discount of 40% on Rs. 500 and two successive discount of 36% and 4% on the same amount is:________?

9 / 20

Tarun bought a T.V with 20% discount on the labelled price. Had he bought it with 25% discount? He would have saved Rs. 500. At what price did he buy the T.V?

10 / 20

A man purchases an electric heater whose printed price is 160 if he received two successive discounts of 20% and 10% he paid:

11 / 20

The marked price is 10% higher than the cost price. A discount of 10% is given on the marked price, in this kind of sale the seller

12 / 20

A trader lists his articles 20% above C.P and allows a discount of 10% on cash payment. His gain percent is:

13 / 20

While selling the watch, a shopkeeper gives a discount of 5% if he gives a discount of 7 % he earns Rs. 15 less as profit. The marked price of the watch is:

14 / 20

A Shopkeeper earns a profit of 12% on selling a book at 10% discount on the printed. The ratio of the cost price and the printed price of the book is:

15 / 20

A retailer buys a sewing machine at a discount of 15% and sells it for Rs. 1955. Thus, he makes a profit of 15%. The discount is:

16 / 20

An umbrella marked at Rs. 80 is sold for Rs. 68. The rate of discount is:

17 / 20

Kabir buys an article with 25% discount on its marked price. He makes a profit of 10 % by selling it at Rs. 660. The marked price is :

18 / 20

The ratio of the prices of three different types of cars is 4:5:7. If the difference between the costliest and the cheapest cars is Rs. 60000 the price of the car of modest price is:

19 / 20

A discount series of 10%, 20% and 40% is equal to a single discount of:_________?

20 / 20

At what price must kashif sell a mixture of 80 kg sugar at Rs. 6.75 per kg with 120 kg at Rs. 8 per kg to gain 20%?

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