2. Topic 2(COLON) Ratio, Proportion and Percentage

Lesson 2.3: Financial Mathematics — Quiz

Test your understanding of lesson 2.3: financial mathematics with 5 practice questions.

Practice Questions

Question 1

If a jacket originally priced at $80 is on sale for a 25% discount, what is the sale price of the jacket?

Question 2

John bought a car for $20,000 and later sold it for $18,000. What is his percentage loss?

Question 3

If a product costs $120 and the sales tax is 5%, how much is the total cost after tax?

Question 4

A bank offers a simple interest rate of 4% per year. How much interest will be earned on a principal of $1,000 after 3 years?

Question 5

If an item initially priced at $500 is offered with a 30% discount, what is the final sale price?