Profit and Loss Quiz

If a shop buys a pair of shoes for £40 and sells them for £60, what is the profit?

• £20

• £10

• £30

• £50

A book costs £15 and is sold for £12. What is the loss on the book?

• £4

• £2

• £5

• £3

If a jacket is sold for £70 after a £30 loss, what was the original price?

• £70

• £90

• £80

• £100

A phone is bought for £300 and sold for £360. What is the profit in pounds?

• £80
• £60

• £160

• £70

A pair of jeans is bought for £25 and sold for £30. What is the profit?

• £5

• £10

• £15

• £20

If a seller marks up the price of a watch from £50 to £75, what is the profit amount?

• £25

• £20

• £30

• £15

A restaurant meal costs £45, but after a discount of £5, what is the new price?

• £40

• £35

• £50

• £45

A toy is bought for £20 and sold for £15. What is the loss?

• £5

• £10

• £15

• £20

A bike is purchased for £150 and sold for £120. What is the loss?

• £30

• £20

• £40

• £50

A shop buys a television for £500 and sells it for £450. What is the loss?

• £50

• £100

• £75

• £25