FA1-Recording Financial Transactions

QUESTION 1:

Sales price is Rs. 290000

Profit margin is 12%
Calculate profit.

QUESTION 2:

Sales price is Rs.170,000

Profit margin is 25%
Calculate profit.

Prepared by: Amir Iqbal Page 1

 FA1-Recording Financial Transactions

QUESTION 3:

Sales price is Rs.180,000

Profit margin is 20%
Calculate cost.

QUESTION 4:

Sales price is Rs.72,500

Profit margin is 15%
Calculate cost.

QUESTION 5:

Sales price is Rs.290,000

Profit markup is 10%
Calculate profit.

QUESTION 6:

Sales price is Rs.30,000

Profit markup is 15%
Calculate profit.

QUESTION 7:

Sales price is Rs.45,000

Profit markup is 15%
Calculate cost.

QUESTION 8:

Sales price is Rs.130,000

Profit markup is 30%
Calculate cost.

Prepared by: Amir Iqbal Page 2

 FA1-Recording Financial Transactions

QUESTION 9:

Cost price is Rs.210,000

Profit markup is 25%
Calculate sales.

QUESTION 10:

Cost price is Rs.78,000

Profit markup is 20%
Calculate profit.

QUESTION 11:

Cost price is Rs.312,000

Profit margin is 30%
Calculate profit.

QUESTION 12:

Cost price is Rs.150,000

Profit margin is 15%
Calculate sales.

QUESTION 13:

Profit is Rs.48,000
Profit margin is 15%
Calculate sales.

QUESTION 14:

Profit is Rs.65,000
Profit margin is 30%
Calculate cost.

Prepared by: Amir Iqbal Page 3

 FA1-Recording Financial Transactions

QUESTION 15:

Profit is Rs.75,000
Profit markup is 20%
Calculate cost.

QUESTION 16:

Profit is Rs.296,000
Profit markup is 45%
Calculate sales.

QUESTION 17:

Profit is Rs.296,000
Profit markup is 55%
Calculate cost.

QUESTION 18:

Cost price is Rs.350,000

Profit markup is 35%
Calculate sales.

Prepared by: Amir Iqbal Page 4