Profit and Loss Skills Assessment

A shopkeeper bought a shirt for $20 and sold it for $30. What is the profit percentage?

• 25%

• 40%

• 60%

• 50%

If the cost price of an item is $50 and the selling price is $40, what is the loss percentage?

• 10%

• 15%

• 25%

• 20%

If the cost price of a book is $15 and it is sold for $20, what is the profit made?

• $10

• $2

• $5

• $25

Calculate the simple interest on a loan of $5000 at an interest rate of 5% per annum for 3 years.

• $250

• $1000

• $300

• $750

If the original price of a product is $80 and it is discounted by 20%, what is the discounted price?

• $72

• $64

• $75

• $78

A car was bought for $20000 and sold for $25000. What is the profit made?

• $6000

• $4000

• $5000

• $3000

If the exchange rate is 1 USD = 0.85 EUR, how many Euros will you get for 100 USD?

• 90 EUR

• 75 EUR

• 80 EUR

• 85 EUR

Solve the equation: 2x + 5 = 15

• x = 3

• x = 5

• x = 7

• x = 10

A pair of shoes originally cost $80 but is now on sale for 25% off. What is the sale price?

• $70

• $60

• $50

• $55

If the selling price of an item is $120 and the profit made is $20, what is the cost price?

• $110

• $80

• $100

• $130