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Profit and Loss Challenge

Authored by MeandMath Edu

Mathematics

7th Grade

Used 3+ times

Profit and Loss Challenge
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10 questions

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1.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

Calculate the profit if the cost price is $50 and the selling price is $70.

$10

$20

$15

$25

2.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

Determine the selling price if the cost price is $80 and the profit is $20.

$90

$100

$110

$70

3.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

If the selling price is $120 and the profit is $30, calculate the cost price.

$100

$90

$110

$125

4.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

A product was sold for $90 with a loss of $10. Calculate the cost price.

$100

$95

$80

$105

5.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

If the cost price is $40 and the selling price is $30, calculate the loss.

$15

$10

$5

$20

6.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

Determine the selling price to earn a profit of $50 on a cost price of $150.

$200

$175

$180

$160

7.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

Determine the cost price if the selling price is $160 and the loss is $20.

$150

$140

$170

$180

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