Quiz about profit and loss percent

Question 1

Calculate the percentage profit if an item is bought for $75 and sold for $120.

Accepted Answer

60%

Answer

75%

Answer

50%

Answer

200%

Question 2

Nehemiah bought a cell phone for $60 and sold it at a loss of 15%. How much did he sell the cell phone for?

Accepted Answer

$51

Answer

$69

Answer

$22

Answer

$25

Question 3

The profit percent is found as a percent of

Accepted Answer

Cost Price

Answer

Profit

Answer

Selling Price

Answer

Sale Price

Question 4

A shopkeeper buys a television for $150 and sells it for $240. What is the percentage profit or percentage loss?

Accepted Answer

60% profit

Answer

37.5% loss

Answer

37.5% profit

Answer

60% loss

Question 5

What is the percentage profit if Tony buys a watch for $50 and sells it for $60?

Accepted Answer

20%

Answer

25%

Answer

16.6%

Answer

16.7%

Question 6

If James sells his car for $1,000 and bought it for $2500. What is the percentage loss made on the car.

Accepted Answer

60%

Answer

15%

Answer

10%

Answer

150%

Question 7

Calculate the percentage profit if an item is bought for $75 and sold for $120.

Accepted Answer

60%

Answer

75%

Answer

50%

Answer

200%

Question 8

If an object is bought for $65 and sold for $78 how much was the profit percent or loss percent?

Accepted Answer

20% profit

Answer

20% loss

Answer

17% profit

Answer

17% loss

Question 9

Calculate the percentage loss if an item is bought for $400 and sold for $364

Accepted Answer

9%

Answer

90%

Answer

10%

Answer

36%

Question 10

Calculate the percentage loss if an item is bought for $70 and sold for $49

Accepted Answer

30%

Answer

21%

Answer

119%

Answer

49%

Question 11

Calculate the percentage profit if an item is bought for $42 and sold for $52.50

Accepted Answer

25%

Answer

20%

Answer

80%

Answer

22%

Question 12

Barrow bought a radio for $150 and sold it at a loss of $24. How much did he sell it for?

Accepted Answer

$126

Answer

$174

Answer

$100

Answer

$180

Question 13

If the Cost Price is less than the Selling Price, then there will be a loss.

Accepted Answer

False

Answer

True

Question 14

Evan earned $300 by doing yard work. His profit was $250. How much were his expenses?

Accepted Answer

$50

Answer

$550

Answer

$300

Answer

$250

Question 15

BONUS QUESTION: A computer has been bought for $250. The original cost was $500. What is the percent profit or percent loss?

Accepted Answer

50% profit

Answer

100% profit

Answer

100% loss

Answer

50% loss

Question 16

Calculate the percentage loss if an item is bought for $400 and sold for $364

Accepted Answer

9%

Answer

9.9%

Answer

11%

Answer

91%

Question 17

What is the profit percent if a shopkeeper buys a football for $12 and sells it for $15?

Accepted Answer

25%

Answer

80%

Answer

20%

Answer

50%

Question 18

Shalom bought a book for $5 and sold for $4 dollars. What was the loss?

Accepted Answer

$1

Answer

$4

Answer

$5

Answer

$2

Question 19

Tom helped his uncle move. He spent $30 for gas for his truck, and $20 for work gloves. His uncle paid him $200 for his help. What was Tom's profit?

Accepted Answer

$150

Answer

$50

Answer

$250

Answer

$30

Question 20

Kezari bought a shirt for $20 and sold it for a profit of 5%. How much was it sold for?

Accepted Answer

$21

Answer

$25

Answer

$15

Answer

$20

Question 21

A shopkeeper buys a television for $150 and sells it for $240. What is the percentage profit or percentage loss?

Accepted Answer

60% profit

Answer

37.5% loss

Answer

37.5% profit

Answer

60% loss

Question 22

round to 1 decimal

Accepted Answer

45.8%

Answer

87.5%

Answer

45.7%

Answer

88.0%

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