Profit/loss, discount, simple interest and compound interest basics.
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Q1 · Profit, Loss and Simple Interest · EASY
A shopkeeper buys an article for Rs. 500 and sells it for Rs. 600. What is the profit percentage?
Q2 · Profit, Loss and Simple Interest · EASY
Ramesh borrowed Rs. 8000 at 5% per annum simple interest. What amount will he have to pay back after 2 years?
Q3 · Profit, Loss and Simple Interest · MEDIUM
A man bought a bicycle for Rs. 1200 and sold it at a loss of 10%. What is the selling price of the bicycle?
Q4 · Profit, Loss and Simple Interest · MEDIUM
A trader marks his goods 25% above the cost price and then gives a discount of 10%. What is his actual profit percentage?
Q5 · Profit, Loss and Simple Interest · HARD
A sum of money becomes Rs. 2400 in 3 years and Rs. 2600 in 5 years at simple interest. What is the principal amount?