1. What is discount?
A    :    Selling price is less than Cost price
B    :    Selling price is greater than Cost price
C    :    The reduction given to the selling price of a product
D    :    Selling price + discount

2. What is a profit?
A    :    Selling price - Cost price
B    :    Cost price - Selling price
C    :    Selling price + Cost price
D    :    Cost price + Selling price

3. What is the term, if an article is purchased?
A    :    Selling price
B    :    Cost price
C    :    Margin price
D    :    Discount price

4. What is the expanded form of S.P?
A    :    Selected Price
B    :    Special Price
C    :    Selling Price
D    :    Super Price

5. Which is the short form of profit and loss statement?
A    :   P & L
B    :   PR & LS
C    :   PRO & LOS
D    :   L & P

6. What is denoted as ʹIʹ?
A    :   Principal
B    :   Interest
C    :   Rate
D    :   Year

7. How the ʹPrincipalʹ is denoted in simple interest calculation?
A    :    ʹPʹ
B    :    ʹIʹ
C    :    ʹRʹ
D    :    ʹnʹ

8. What is the formula for the calculation of simple interest?
A  :  $\displaystyle I=\frac{Pnr}{100}$
B  :  $\displaystyle I=\frac{100}{Pnr}$
C  :  $\displaystyle I=\frac{Pr}{n\times 100}$
D  :  $\displaystyle I=\frac{Pn}{r \times 100}$

9. What is the formula for compound interest, if compounded Annually?
A  :  $\displaystyle A=P\left [ 1+\frac{1}{2}\left ( \frac{r}{100} \right ) \right ]^{2n}$ and C.I=A-P
B  :  $\displaystyle A=P\left [ 1+\frac{1}{4}\left ( \frac{r}{100} \right ) \right ]^{4n}$ and C.I=A-P
C  :  $\displaystyle A=P\left [ 1+\left ( \frac{r}{100} \right ) \right ]^{n}$ and C.I=A-P
D  :  $\displaystyle A=\frac{Pnr}{100}$

10. How the years is denoted in simple interest calculations?
A    :   P
B    :   I
C    :   n
D    :   r

11. How the profit / gain is expressed?
A    :    ₹
B    :    $
C    :    %
D    :    *

12. What is the formula to find Loss%?
A  :  $\displaystyle \frac{Loss\times 100}{C.P}$
B  :  $\displaystyle \frac{C.P}{Loss\times 100}$
C  :  $\displaystyle \frac{Loss+100}{S.P}$
D  :  $\displaystyle \frac{S.P}{Loss+100}$

13. What is the cost price (C.P) formula if there is a profit?
A  :  $\displaystyle \left ( \frac{100}{100-Loss%} \right )\times S.P$
B  :  $\displaystyle \left ( \frac{100}{100+Profit%} \right )\times S.P$
C  :  $\displaystyle \left ( \frac{100+Profit%} {100}\right )\times C.P$
D  :  $\displaystyle \left ( \frac{100-Loss%}{100} \right )\times C.P$

14. What is the formula to find selling price (S.P) if there is a loss?
A  :  $\displaystyle \left ( \frac{100}{100+Profit%} \right )\times S.P$
B  :  $\displaystyle \left ( \frac{100+Profit%} {100}\right )\times C.P$
C  :  $\displaystyle \left ( \frac{100}{100-Loss%} \right )\times S.P$
D  :  $\displaystyle \left ( \frac{100-Loss%}{100} \right )\times C.P$

15. What is the formula to find Profit%?
A  :  $\displaystyle \frac{C.P}{Profit}\times 100$
B  :  $\displaystyle \frac{Profit}{S.P}\times 100$
C  :  $\displaystyle \frac{S.P-C.P}{Profit}\times 100$
D  :  $\displaystyle \frac{Profit}{C.P}\times 100$

16. What is the profit amount, if the i – phone cost price is Rs.50000/- and selling price is Rs.70000/-?
A    :    Rs. 2000/-
B    :    Rs. 10000/-
C    :    Rs. 20000/-
D    :    Rs. 50000/-

17. What is the selling price, if the profit is 5% for a computer table bought at Rs.1150/- with Rs.50/- as a transport charge?
A    :    1160
B    :   1620
C    :   1060
D    :    1260

18. What is the cost price if the product is sold at ₹ 572 with a profit of ₹ 72?
A    :    ₹ 500
B    :   ₹ 1000
C    :   ₹ 644
D    :    ₹ 472

19. What is the profit % if the cost price of 16 bolts is equal to the selling price of 12 bolts?
A    :    13.33
B    :   23.33
C    :   33.33
D    :    43.33

20. What is the selling price if the cost price is Rs.7282/- with a profit of Rs.208?
A    :    Rs.7074
B    :    Rs.7698
C    :    Rs.7290
D    :    Rs.7490

21. What is the interest earned, if the principal is Rs.12000/- becomes to an amount of Rs.15600/-?
A    :    Rs.2600
B    :    Rs.3600
C    :    Rs.4600
D    :    Rs.5600

22. What is the principal amount deposited, if the maturity proceeds to an amount of Rs.25000/- and interest earned Rs.6000/-?
A    :    Rs.31000/-
B    :    Rs.19000/-
C    :    Rs.20000/-
D    :    Rs.25000/-

23. What is the interest earned, if the principal is for Rs.12500/- maturity becomes to a amount of Rs.17500/-?
A    :    Rs.30000
B    :    Rs.25000
C    :    Rs.5000
D    :    Rs.5500

24. What is the matured amount for the deposit of Rs.5000/- and the simple interest earned for Rs.500/-?
A    :    Rs.4500
B    :    Rs.5500
C    :    Rs.6000
D    :    Rs.6500

25. What is the simple interest for the principal amount of Rs.100000 at 10% per annum for 1 year period?
A    :    Rs.1000/-
B    :    Rs.5000/-
C    :    Rs.50000/-
D    :    Rs.10000/-

26. What is the compounded annual interest, for a loan amount of Rs.80000/- at 10% per annum for a period of 2 years?
A    :    Rs.16800/-
B    :    Rs.92400/-
C    :    Rs.96800/-
D    :    Rs.94800/-

27. What is the compounded amount, if the principal of Rs.30000/- and interest earned at 7% per annum is Rs.4347?
A    :    Rs.30347/-
B    :    Rs.32347/-
C    :    Rs.33347/-
D    :    Rs.34347/-

28. What is the difference between the simple and the compound interest amount at 5% per annum for 2 years on a principal of Rs.20000/-?
A    :    Rs.5
B    :    Rs.25
C    :    Rs.50
D    :    Rs.55

29. What is the maturity amount if Rs.20000 is deposited at 5% compound interest per annum for2 years?
A    :    Rs.22000
B    :    Rs.22050
C    :    Rs.22500
D    :    Rs.25000

30. What is the compound interest on a principal of Rs.25000/- after 3 years at the rate of 12% per annum?
A    :    Rs. 9000
B    :    Rs.9720
C    :    Rs.10123.20
D    :    Rs.10483.20