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Test Papers-1
Test Papers-1
50 Marks
1. A vendor acquired a batch of goods for £800 and subsequently sold them for £1000.
What is the percentage of profit earned by the vendor from the transaction?
3. Ema procured a bicycle at a lucrative discount of 20% off its initial price. Subsequently,
he capitalized on a gift card, augmenting his savings with an extra 30% off the already
discounted price. Given that Ema ultimately disbursed £1120 for the bicycle, the query
arises: What was the original retail value of the bicycle before any discounts were
applied?
4. If a smartphone underwent a discount of 30% and is currently priced at £280, what was
the original price of the smartphone before the discount was applied?
6. In the realm of retail, a particular pair of shoes has been advertised at a final selling
price of £120, having undergone a substantial markdown of 30%. In light of this
discounted offering, the question arises: What was the initial retail price of the shoes
before any reductions were applied?
8. A painting, which originally had an unspecified price, is now being sold for £800 after a
discount of 40% was applied. What was the initial price of the painting before the
discount was deducted?
Each question have 5 marks. 50 Marks
9. A company sells a product for £400, and after accounting for a profit margin of 20%, the
selling price is determined. What was the initial cost price of the product before the profit
margin was added?
10. A farmer sold his crop for £900. However, this transaction resulted in a loss of 10% from
the original value of the crop. What was the initial value of the crop before the loss was
incurred?