Percentage Profit and Loss

What is the formula for calculating profit or loss?

• selling price - cost price

• cost price - selling price

• selling price + cost price

• cost price + selling price

If the selling price is greater than the cost price, the business has made a ________.

• profit

• loss

• break-even

• investment

If the selling price is less than the cost price, the business has made a ________.

• profit

• loss

• break-even

• investment

What does a positive value in profit or loss indicate?

• profit

• loss

• break-even

• no change

What does a negative value in profit or loss indicate?

• profit

• loss

• break-even

• no change

How do you calculate percentage loss?

• loss / cost price * 100%

• cost price / loss * 100%

• loss / selling price * 100%

• selling price / loss * 100%

What does a percentage profit or loss indicate?

• the amount of profit or loss in dollars

• the percentage increase or decrease in selling price

• the percentage increase or decrease in cost price

• the percentage increase or decrease in cost price relative to selling price

What is the selling price of goods purchased for $150 and sold at a 20% profit?

• $120

• $140

• $160

• $180

Deanna bought a bedroom suite for $2400 and sold it for a profit of 8%. At what price did she sell the bedroom suite?

• $2592

• $2640

• $2688

• $2736

Aaron bought a wardrobe for $200, but was forced to sell it at a 30% loss. At what price did he sell the wardrobe?

• $140

• $150

• $160

• $170