Skip to content
OtisamLMS
Mathematics

Mathematics · Quick practice · answer shown after each question

Profit, loss, discount and simple interest

Question 1 of 10

Question 1 of 10

A trader buys an item for GH₵ 400 and sells it for GH₵ 560. Find the profit percent.

Question 2 of 10

Question 2 of 10

Interest at 5% per annum for 2 years on GH₵ 200 is GH₵ 10.

Question 3 of 10

Question 3 of 10

The amount after borrowing GH₵ 500 at 10% simple interest for 3 years is

Question 4 of 10

Question 4 of 10

Kofi saves GH₵ 1,000 at 5% simple interest per annum for 2 years. The total amount at the end is GH₵ ___.

Question 5 of 10

Question 5 of 10

An item bought for GH₵ 200 is sold at a loss of 5%. Find the selling price.

Question 6 of 10

Question 6 of 10

A trader bought 40 tins of milk at GH₵ 6 each. She sold all but 4 at GH₵ 11 each. (a) Find the total cost. (b) Find the total amount received. (c) Find her profit or loss and express it as a percentage of the cost, to 1 decimal place.

Question 7 of 10

Question 7 of 10

A discount of 15% on GH₵ 200 is

Question 8 of 10

Question 8 of 10

A dress marked GH₵ 200 is sold at a discount of 20%. Find the price paid.

Question 9 of 10

Question 9 of 10

Simple interest grows by the same amount each year.

Question 10 of 10

Question 10 of 10

Kofi saves GH₵ 400 at 5% simple interest per annum for 2 years. The total amount at the end is GH₵ ___.

Questions written by OtisamLMS in the style of the BECE. They are not WAEC past questions.