Quiz about Profit and Loss Percent

Question 1

The profit percent is found as a percent of

Accepted Answer

Cost Price

Answer

Profit

Answer

Selling Price

Answer

Sale Price

Question 2

What is the profit percent if a shopkeeper buys a football for $12 and sells it for $15?

Accepted Answer

25%

Answer

80%

Answer

20%

Answer

50%

Question 3

What is the percentage profit if Tony buys a watch for $50 and sells it for $60?

Accepted Answer

20%

Answer

25%

Answer

16.6%

Answer

16.7%

Question 4

If James sells his car for $1,000 and bought it for $2500. What is the percentage loss made on the car.

Accepted Answer

60%

Answer

15%

Answer

10%

Answer

150%

Question 5

Calculate the percentage profit if an item is bought for $42 and sold for $52.50

Accepted Answer

25%

Answer

20%

Answer

80%

Answer

22%

Question 6

Calculate the percentage profit if an item is bought for $175 and sold for $236.25.

Accepted Answer

35%

Answer

33%

Answer

25.9%

Answer

74%

Question 7

Calculate the percentage loss if an item is bought for $70 and sold for $49

Accepted Answer

30%

Answer

42.9%

Answer

70%

Answer

35%

Question 8

Calculate the percentage loss if an item is bought for $400 and sold for $364

Accepted Answer

9%

Answer

9.9%

Answer

11%

Answer

91%

Question 9

If an object is bought for $90 and then sold for a loss of 15%. How much was it sold for?

Accepted Answer

$76.50

Answer

$103.50

Answer

$80

Answer

75

Question 10

If an object is bought for $65 and sold for 20% profit how much was the object sold for?

Accepted Answer

78

Answer

68

Answer

85

Answer

52

Question 11

A shopkeeper buys a television for $150 and sells it for $240. What is the percentage profit?

Accepted Answer

60%

Answer

62.5%

Answer

37.5%

Answer

16%

Question 12

Katie earns $6 per hour in her part time job. She gets a pay rise of 5%. What is her new hourly pay?

Accepted Answer

$6.30

Answer

$6.60

Answer

$0.30

Answer

$6.50

Question 13

My class size has increased by 35% this year. I had 20 students last year, how many do I have now?

Accepted Answer

27

Answer

23

Answer

25

Answer

29

Question 14

Paul buys a new pair of trainers on holiday for $55 but forgets to add on the Georgia state tax of 8%. What is the total cost of the trainers?

Accepted Answer

$59.40

Answer

$4.40

Answer

$60.50

Answer

$62

Question 15

A computer has been discounted by 32%. The original cost was $900. What is the new price?

Accepted Answer

$612

Answer

$1188

Answer

$288

Answer

$600

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