Yurii V Geletii Sir, In the equation (y=mx+b), I put the absorbance of my plant sample in place of y and calculate the value of X. Then this value of X is put in the formula TFC= CV/M.
Dear Preety Rohilla thank you for your interesting technical question. Yes, you can use quercetin as the standard for flavonoid assay. Please see e.g. the following useful article:
Assessment of Total Phenolic and Flavonoid Content, Antioxidant Properties, and Yield of Aeroponically and Conventionally Grown Leafy Vegetables and Fruit Crops: A Comparative Study
Article Assessment of Total Phenolic and Flavonoid Content, Antioxid...
This paper is freely available as public full text on ResearchGate. It is stated in this work that "For total flavonoid determination, quercetin was used to make the standard calibration curve."
Lamaison, JL; Carnet, A (1991). "Teneurs en principaux flavonoides des fleurs de Cratageus monogyna Jacq et de Cratageus Laevigata (Poiret D.C) en Fonction de la vegetation". Plantes Medicinales Phytotherapie. 25: 12–16.