Mastering Profit and Loss Concepts

If a product costs $50 and is sold for $70, what is the profit?

• $10

• $30

• $50

• $20

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

• $80

• $100

• $120

• $90

A shirt is marked at $40 and sold for $30. What is the discount amount?

• $20

• $5

• $10

• $15

If an item is sold for $120 and the profit is $30, what is the cost price?

• $110

• $100

• $80

• 90

A store increases the price of a $200 item by 15%. What is the new selling price?

• $250

• $180

• $230

• $215

If a product is bought for $150 and sold for $120, what is the loss percentage?

• 20%

• 25%

• 10%

• 15%

Calculate the discount percentage if a $60 item is sold for $45.

• 25%

• 15%

• 30%

• 20%

If a product has a cost price of $90 and is marked up by 25%, what is the selling price?

• $112.50

• $100.00

• $115.00

• $130.00

A laptop is sold for $800 after a 20% discount. What was the original price?

• $600

• 1000

• $800

• $1200

If a store has a markdown of 10% on a $500 item, what is the new price?

• $450

• $400

• $525

• $475