Simple Interest, Profit and Loss

Calculate the simple interest on a principal amount of $1000 at an interest rate of 5% per annum for 3 years.

• $150

• $200

• $50

• $75

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

• 25%

• 60%

• 50%

• 40%

If the cost price of a book is $50 and it is sold for $40, what is the loss percentage?

• 25%

• 10%

• 15%

• 20%

Find the selling price of an item if the cost price is $80 and the profit percentage is 25%.

• $110

• $90

• $75

• $100

Determine the cost price of a laptop if it is sold for $1200 with a loss of 10%.

• $1100

• $1250

• $1400

• $1333.33

Calculate the simple interest on $5000 at an interest rate of 8% per annum for 2 years.

• $600

• $1000

• $400

• $800

A bike was bought for $2000 and sold for $2500. What is the profit earned?

• $1000

• $1500

• $300

• $500

If a watch is sold for $90 with a profit of 20%, find the cost price.

• $80

• $100

• $75

• $60

Find the loss percentage if a phone is bought for $300 and sold for $250.

• 16.67%

• 25%

• 12.5%

• 20%

Determine the selling price of a chair if the cost price is $50 and the profit percentage is 40%.

• $60

• $80

• $90

• $70