CTET · Chapter Test
Money — 25-Question Test
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Key Concepts — Quick Reference
This chapter
Rupees and paise
| Basic equivalence | 1 rupee = 100 paise |
|---|---|
| Decimal form | Rs 45.75 means 45 rupees and 75 paise |
| Paise to rupees | 250 paise = Rs 2.50 |
| Rupees to paise | Rs 3.05 = 305 paise |
Cost, profit and change basics
| Total cost | Total = sum of (price x quantity) for each item |
|---|---|
| Profit | Profit = Selling Price - Cost Price (when SP is more) |
| Loss | Loss = Cost Price - Selling Price (when SP is less) |
| Change | Change = Amount Given - Total Cost |