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5 cards from this section. Quick, good the night before a test.
What is the formula to calculate profit?
Remember it's the Selling Price minus the Cost Price.
What does GST stand for?
Think about taxes on goods.
What is the formula for calculating Loss?
Think of how much was spent versus how much was earned.
GST is a tax on goods as well as services.
Remember, it’s a value-added tax.
A store sells shoes for $120 after applying a discount of 20% on the marked price. What was the marked price?
Use the formula for selling price with discount to find the marked price.
You borrow $1000 for 2 years at 5% simple interest. How much total will you pay back?
Remember to calculate the interest and then add it to the borrowed amount.
7 more questions in this section. Enroll free to practise them all.
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