Profit and Loss Quiz

What is the formula to calculate the cost price?

• Cost Price = (Selling Price * 100) / (100 - Profit Percentage)

• Cost Price = (Selling Price * 100) / (100 * Profit Percentage)

• Cost Price = (Selling Price + Profit Percentage) / 100

• Cost Price = (Selling Price * 100) / (100 + Profit Percentage)

If the cost price of an item is $50 and the profit is 20%, what is the selling price?

• $70

• $60

• $55

• $40

If the selling price of an item is $120 and the cost price is $100, what is the profit?

• 30

• 10

• 20

• 50

If the selling price of an item is $200 and the cost price is $250, what is the loss?

• The loss is $100.

• The loss is $0.

• The loss is $50.

• The loss is $150.

What is the formula to calculate the profit percentage?

• Profit Percentage = (Cost Price / Profit) * 100

• Profit Percentage = (Profit / Cost Price) * 100

• Profit Percentage = (Selling Price / Cost Price) * 100

• Profit Percentage = (Profit / Selling Price) * 100

If the cost price of an item is $80 and the selling price is $100, what is the profit percentage?

• 15%

• 30%

• 20%

• 25%

If the cost price of an item is $150 and the selling price is $120, what is the loss percentage?

• 30%

• 20%

• 5%

• 10%

If the cost price of an item is $200 and the selling price is $250, what is the profit percentage?

• 20%

• 25%

• 30%

• 15%

If the cost price of an item is $300 and the selling price is $200, what is the loss percentage?

• 10%

• 25%

• 50%

• 33.33%

If the cost price of an item is $50 and the selling price is $70, what is the profit?

• $30

• $20

• $10

• $5