Arithmetic Quiz

The term used to describe money gained after a sale.

• cost price
• selling price
• profit 
• loss

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

• 80%

• 25%

• 20%

• 50%

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

• 20%
• 25%
• 16.6%
• 16.7%

What is formulae to calculate profit percentage?

What is meaning of loss?

• Difference between marked price and selling price

• Difference between cost price and marked price

• Difference between selling price and cost price

• All of the above

If the CP is less than the SP, then there will be a loss.

• True

• False

You want to buy a shirt.  The original price was $27, and the sale says 25% off.  How much will pay for the shirt?

• 0.25
• 33.75
• 6.75
• 20.25

Discount is ____________ from the price.

• added

• divided

• subtracted

• multiplied to

What is the total cost with sales tax?
Price $120.00
Tax 5%

• $126.00
• $6.00
• $135.00
• $123.00

Sales tax is __________ to the price

• subtracted
• added
• multiplied
• divided