Profit, loss, discount and simple interest

Question 1 of 10

The formula for simple interest is

Question 2 of 10

A dress marked GH₵ 240 is sold at a discount of 40%. Find the price paid.

Question 3 of 10

Kofi saves GH₵ 600 at 5% simple interest per annum for 2 years. The total amount at the end is GH₵ ___.

Question 4 of 10

A trader bought 40 tins of milk at GH₵ 10 each. She sold all but 2 at GH₵ 13 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 5 of 10

A trader buys an item for GH₵ 120 and sells it for GH₵ 134.4. Find the profit percent.

Question 6 of 10

A trader bought 30 tins of milk at GH₵ 10 each. She sold all but 3 at GH₵ 15 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

Kofi saves GH₵ 2,000 at 15% simple interest per annum for 2 years. The total amount at the end is GH₵ ___.

Question 8 of 10

VAT is an example of

Question 9 of 10

A phone costing GH₵ 800 is sold at a loss of 10%. The selling price is

Question 10 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.