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- Q1
1. It occurs when the cost and expenses exceed the selling price or sales.
Loss
Cost Price
Operating expenses
Profit
30s - Q2
2.The money earned after the cost price (direct cost) and the other operating costs (indirect cost) are accounted for after the sale of a commodity is called__________________.
Operating expenses
Profit
Cost Price
Loss
45s - Q3
3.Aaron gains 30% in selling a bookshelf for Php 4500. What is the cost of bookshelf? (Round-off your answer to whole number)
Php 3482
Php 3472
Php 3492
Php 3462
120s - Q4
4. What is the loss percent if the retailer sells a pair of rubber shoes for Php 1,460 which was bought for Php 1,825?
21%
23%
20%
25%
120s - Q5
5.Mr. Santos bought 100 pieces of notebook for Php 2000 and sold each for Php23. Find the loss or profit in selling the notebook.
Loss – Php300
Loss – Php 250
Gain – Php 250
Gain – Php 300
120s - Q6
6. What is the selling price of an outdated jacket if its cost is Php 550 and loss percentage is 24%
Php 398
Php 418
Php 408
Php 428
120s - Q7
7. Mr. Tan bought 3 dozens of roses for Php 720 which he now sells for Php24 each.If 7 of the roses wither, did he gain or loss in selling rose? By how much?
Gain Php 42
Gain Php 24
Loss Php 24
Loss Php 42
120s - Q8
8. Arman sold a chess board to Noel with a markup rate of 12%, Noel then sold it to Victor and incurred a loss of 10%. If Victor paid the chess board for 1200,how much is the cost of the chess board?
Php 1190.47
Php 1200.47
Php 1210.47
Php 1180.47
120s - Q9
9. Ivy sold two cellphones for Php 13500 each. She gains 10% on the first cellphone but losses 10% on the other. Find the cost of the two cellphones.
Php 12,172.73, Php 15,000
Php 11,972.73, Php 14,850
Php 12,072.73, Php 14,850
Php 12,272.73, Php 15,000
300s