Calculating Profit and Selling Price

The video tutorial covers the concept of percentage profit, explaining how to calculate it using a formula. It provides several examples, including Kanini's lemons, Duma's land, a shopkeeper's shirt, Jen's eggs, and Halima's bananas, to illustrate the calculation of percentage profit and finding buying or selling prices. The tutorial concludes with encouragement to practice the concepts learned.

What is profit in the context of selling goods?

• The discount given on goods

• The initial price of goods

• The extra money made after selling goods at a higher price

• The total cost of buying goods

How is percentage profit calculated?

• Profit divided by selling price, multiplied by 100

• Cost price divided by profit, multiplied by 100

• Profit divided by cost price, multiplied by 100

• Selling price divided by cost price, multiplied by 100

If Kanini bought lemons for 150 shillings and sold them for 180 shillings, what is the percentage profit?

• 20%

• 15%

• 10%

• 25%

Duma bought land for 120,000 shillings and sold it for 125,000 shillings. What is the percentage profit?

• 6%

• 5%

• 4.17%

• 4.2%

A shopkeeper sold a shirt for 90 shillings with a 20% profit. What was the buying price?

• 80 shillings

• 85 shillings

• 70 shillings

• 75 shillings

Jen sold eggs for 110 shillings with a 10% profit. What was the buying price?

• 100 shillings

• 95 shillings

• 90 shillings

• 105 shillings

Halima bought 50 bananas at 3 shillings each and spent 75 shillings on transportation. If she made a 20% profit, how much did she sell each banana for?

• 5 shillings

• 6 shillings

• 7 shillings

• 8 shillings