Profit & Loss Challenge

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

• $20

• $10

• $40

• $30

A shirt is bought for $25 and sold for $20. What is the loss percentage?

• 25%

• 15%

• 20%

• 10%

If the selling price of a book is $120 and the profit percentage is 20%, what is the cost price?

• $100

• $130

• $80

• $110

An item is sold for $80 with a loss of 20%. What was the cost price of the item?

• $100

• $90

• $75

• $60

If the cost price of a laptop is $800 and it is sold for $1000, what is the percentage profit?

• 15%

• 30%

• 25%

• 40%