Profit and Loss

What is the formula to calculate profit?

• Profit = Revenue / Cost

• Profit = Revenue + Cost

• Profit = Revenue x Cost

• Profit = Revenue - Cost

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

• 50%

• 40%

• 30%

• 25%

How do you find the cost price if the selling price and profit percentage are given?

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

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

• Cost Price = Selling Price * (1 + (Profit Percentage / 100))

• Cost Price = Selling Price / (1 + (Profit Percentage / 100))

If the selling price of an item is $80 and the profit percentage is 25%, what is the cost price?

• $64

• $85

• $75

• $70

What is the formula to calculate loss?

• Loss = Profit - Cost Price

• Loss = Selling Price - Cost Price

• Loss = Cost Price - Selling Price

• Loss = Cost Price + Selling Price

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

• 16.67%

• 20%

• 10%

• 25%

How do you find the selling price if the cost price and profit percentage are given?

• Selling Price = Cost Price / (1 - Profit Percentage)

• Selling Price = Cost Price - Profit Percentage

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

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

If the cost price of an item is $200 and the loss percentage is 20%, what is the selling price?

• $160

• $210

• $180

• $190

What is the formula to calculate selling price?

• Selling Price = Cost Price - Profit

• Selling Price = Cost Price + Profit

• Selling Price = Cost Price / Profit

• Selling Price = Cost Price x Profit

If the cost price of an item is $30 and the profit percentage is 50%, what is the selling price?

• $35

• $40

• $45

• $50