Profit and Loss

If an item is purchased for $10 and sold $15 it as has a

• profit of $25

• loss of $25

• profit of $5

• loss of $5

If an item is purchased for $120 and sold for $100, it has a

• loss of $220

• profit of $220

• loss of $20

• profit of $20

An item purchased for $200 and sold at a profit of $20 has a selling price of ...

• $180

• $220

An item purchased for $50 and sold at a loss of $15 has a selling price of

• $35

• $65

An item sold for $230 at a profit of $25 had a cost price of

• $255

• $205

An item sold for $400 at a loss of $40 had a cost price of

• $440

• $360

An item that cost 100 and was sold at a profit of 25% now costs ..

• $125

• $75

An item purchased for $200 and sold at a loss of 25% has a selling price of

• $225

• $175

• $150

• $250

When the cost price is more than the selling price, this is a

• profit

• loss

• bargain

When the selling price is more than the cost price, this is a

• loss

• ripp off

• profit