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Profit & Loss and Discount

Total questions: 13

Worksheet time: 2hrs 15mins

Name
Class
Date
1.

An article costing $5000 is sold for $4850. Is there a profit or loss? What percentage is it?

a)

3% profit

b)

3% loss

c)

3.09% profit

d)

3.09% loss

2.

If the selling price of an article is greater than the cost price, then there is a ________________

a)

profit

b)

loss

c)

discount

d)

marked price

3.

Discount is always calculated on _______

a)

Cost price

b)

Selling price

c)

Marked price

d)

GST

4.

Loss or gain percentage is always calculated on the __________

a)

Cost price

b)

Selling price

c)

Marked price

d)

Overhead expenses

5.

What is the price after the discount?

a)

$2

b)

$18

c)

$10

d)

$22

6.

How much is the discount?

a)

$24

b)

$36

c)

$40

d)

$84

7.

What is the price after the discount?

a)

$128

b)

$60

c)

$48

d)

$32

8.

What is the price after the discount?

a)

$32

b)

$20

c)

$12

d)

$42

9.

$52 tie; 50% discount

What is the sale price?

a)

$4.00

b)

$6.00

c)

$26.00

d)

$50.00

10.

In a video store, a DVD that usually sells for $15 is marked 10% OFF that price. What is the discount?

a)

1.00

b)

1.50

c)

16.50

d)

13.50

11.
An LCD TV is on sale for 24% off.
If the original price was $800, find the sale price. 
a)
$192
b)
$992
c)
$608
d)
$1056
12.

Andy purchases 120 pencils at the rate of $2 per pencil. He sold 72 of them at the rate of $2.50 per pencil and the remaining at the rate of $2 per pencil. Find his profit or loss per cent.

a)

15%

b)

25%

c)

13%

d)

75%

13.

Pam bought a pencil for $80. She sold it to gain 20% on her cost. How much money did she gain?

a)

$96

b)

$12

c)

$72

d)

$16