Quiz about Percentages: Profit and Loss

Question 1

Tommy bought 4 toy models for $600 and then sold them all at $180 each. Find the total profit that Tommy made.

Accepted Answer

Total Profit $$=180 imes4-600$$

Answer

Total Profit $$=600 imes4-180$$

Answer

Total Profit $$=600-180 imes4$$

Answer

Total Profit $$=180-600\div4$$

Question 2

The cost price of a dress is $80 and it is sold at a profit of 30%. Find the profit.

Accepted Answer

Profit $$=80 imes30\%$$

Answer

Profit $$=80\div30\%$$

Answer

Profit $$=80\div\left(1+30\%\right)$$

Answer

Profit $$=80 imes\left(1+30\% ight)$$

Question 3

An air-conditioner which costs $9000 is sold at a profit of 4%. Find the selling price of the air-conditioner.

Accepted Answer

Selling Price $$=9000 imes\left(1+4\% ight)$$

Answer

$$9000=$$ Selling Price $$ imes\left(1+4\% ight)$$

Answer

$$9000=$$ Selling Price $$ imes\left(1-4\% ight)$$

Answer

Selling Price $$=9000 imes\left(1-4\% ight)$$

Question 4

A shop owner sold a toy bear at $480 and the loss was $320. Find the cost price of the toy bear.

Accepted Answer

Cost = 480 + 320

Answer

- 320 = Cost - 480

Answer

320 = 480 + Cost

Answer

Cost = 480 - 320

Question 5

The cost price of a bookshelf is $3650. It is sold at a loss of 18%. Find the loss.

Accepted Answer

Loss $$=3650 imes18\%$$

Answer

Loss $$=3650 imes\left(1-18\% ight)$$

Answer

Loss $$=3650\div\left(1-18\%\right)$$

Answer

Loss $$=3650\div18\%$$

Question 6

Calvin sells a computer at a loss of 35%. If the loss is $1750, find the cost price of the computer.

Accepted Answer

Cost $$ imes35\%=1750$$

Answer

Cost $$=1750\div\left(1-35\%\right)$$

Answer

Cost $$=1750 imes\left(1+35\% ight)$$

Answer

Cost $$\div35\%=1750$$

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