Business Mathematics Chapter 1 Questions And Answers -

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[ \textProfit = 25% \times 120 = 0.25 \times 120 = 30 ] [ SP = C + P = 120 + 30 = 150 ] ✅ Selling Price = $150 Question 2 A phone is sold for $400, making a $60 profit. What is the profit percentage based on selling price ? business mathematics chapter 1 questions and answers

[ \textContribution per cup = 3.00 - 1.00 = 2.00 ] [ \textBEP (units) = \frac10002.00 = 500 \text cups ] ✅ 500 cups Part 4: Trade Discounts (Chain Discounts) Chapter 1 often introduces single and chain discounts. Question 5 An invoice lists a product with a list price of $2,000. The supplier offers a trade discount of 20% and another 10% (20/10). What is the net price? Need more chapters

[ \textProfit Percentage (on SP) = \frac\textProfit\textSelling Price \times 100 ] [ = \frac60400 \times 100 = 15% ] ✅ 15% based on SP Part 2: Markup vs. Markdown Question 3 (Markup) A jacket costs a store $80. They apply a 40% markup on cost. Later, they offer a 20% discount on the marked price. What is the final selling price? What is the profit percentage based on selling price