Applied arithmetic Flashcards
1
Q
Margin
A
Profit divided by selling price x by 100
2
Q
Loss
A
Loss divided by cost price x by 100
3
Q
Tax payable
A
Gross tax - tax credit
4
Q
Net income
A
Gross income - tax payable
5
Q
Markup
A
Profit divided by cost-price x by 100
6
Q
P
A
Amount at start/ amount invested
6
Q
F
A
Amount at end
7
Q
i
A
Interest rate in %
8
Q
T
A
No of years
9
Q
How to get the interest paid on a loan
A
Total amount - loan amount
10
Q
Percentage discount
A
Discount
—————— X 100
Amount spent
11
Q
Interest earned
A
Final amount - principle earned
