Q. If a product is bought for $150 and sold for $120, what is the percentage loss incurred?
A.
20%
B.
25%
C.
30%
D.
15%
Show solution
Solution
Loss = Cost Price - Selling Price = $150 - $120 = $30. Percentage loss = (Loss/Cost Price) * 100 = ($30/$150) * 100 = 20%.
Correct Answer:
B
— 25%
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Q. If a product is marked at $500 and sold at a 30% discount, what is the profit or loss if the cost price is $350?
A.
Profit of $50
B.
Loss of $50
C.
Profit of $100
D.
Loss of $100
Show solution
Solution
Selling Price = $500 - (30% of $500) = $500 - $150 = $350. Since Selling Price = Cost Price, there is no profit or loss.
Correct Answer:
A
— Profit of $50
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Q. If a product is marked at $500 and sold for $450, what is the discount percentage offered? (2023)
A.
5%
B.
10%
C.
15%
D.
20%
Show solution
Solution
Discount = Marked Price - Selling Price = 500 - 450 = 50. Discount Percentage = (50/500) * 100 = 10%.
Correct Answer:
C
— 15%
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Q. If a product is sold at a loss of 20% for $80, what was the cost price of the product? (2023)
A.
$100
B.
$90
C.
$80
D.
$70
Show solution
Solution
Let the cost price be x. Then, 80 = x - (20% of x) => 80 = x - 0.2x => 80 = 0.8x => x = 100.
Correct Answer:
A
— $100
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Q. If a product is sold for $150 after a discount of 25%, what was its marked price?
A.
$175
B.
$200
C.
$180
D.
$160
Show solution
Solution
Let the marked price be x. After a 25% discount, the selling price is x - (0.25 * x) = 0.75x. Setting this equal to $150 gives 0.75x = $150, so x = $200.
Correct Answer:
B
— $200
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Q. If a product is sold for $150 after a discount of 25%, what was the original price?
A.
$175
B.
$200
C.
$180
D.
$160
Show solution
Solution
Let the original price be x. After a 25% discount, the selling price is x - (0.25 * x) = 0.75x. Thus, 0.75x = $150, so x = $150 / 0.75 = $200.
Correct Answer:
B
— $200
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Q. If a product is sold for $150 at a profit of 50%, what was the cost price?
A.
$100
B.
$110
C.
$120
D.
$130
Show solution
Solution
Let the cost price be x. Selling Price = x + 50% of x = 150. Thus, 1.5x = 150, so x = 100.
Correct Answer:
A
— $100
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Q. If a product's price is increased by 15% and then decreased by 15%, what is the net change in price?
A.
0%
B.
2.25%
C.
3.5%
D.
1.5%
Show solution
Solution
Let the original price be $100. After a 15% increase, the price is $115. After a 15% decrease, the price is $97.75. Net change = (97.75 - 100)/100 * 100 = -2.25%.
Correct Answer:
B
— 2.25%
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Q. If a product's price is increased by 20% and then decreased by 20%, what is the net change in price? (2023)
Show solution
Solution
Let the original price be 100. After a 20% increase, the price becomes 120. After a 20% decrease, the price becomes 120 - 24 = 96. The net change is (96 - 100) / 100 * 100% = -4%.
Correct Answer:
B
— 4%
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Q. If a recipe requires 2 cups of flour for every 3 cups of sugar, how many cups of flour are needed for 9 cups of sugar?
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Solution
Using the ratio, if 3 cups of sugar require 2 cups of flour, then 9 cups of sugar require (2/3) * 9 = 6 cups of flour.
Correct Answer:
C
— 6
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Q. If a recipe requires 3 cups of flour for every 2 cups of sugar, how many cups of flour are needed for 8 cups of sugar?
A.
10 cups
B.
12 cups
C.
9 cups
D.
6 cups
Show solution
Solution
The ratio of flour to sugar is 3:2. For 8 cups of sugar, the amount of flour needed is (3/2) × 8 = 12 cups.
Correct Answer:
B
— 12 cups
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Q. If a salary of $50,000 is increased by 10% and then decreased by 10%, what is the final salary?
A.
$50,000
B.
$49,500
C.
$51,000
D.
$52,000
Show solution
Solution
New salary after increase = 50000 * 1.10 = $55,000. After decrease = 55000 * 0.90 = $49,500.
Correct Answer:
B
— $49,500
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Q. If a seller incurs a loss of 10% on selling a bicycle for $450, what was the cost price?
A.
$500
B.
$450
C.
$400
D.
$350
Show solution
Solution
Let the cost price be x. Then, 450 = x - 10% of x => 450 = x - 0.1x => 450 = 0.9x => x = 500.
Correct Answer:
A
— $500
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Q. If a seller incurs a loss of 15% on selling a bicycle for $255, what was the cost price? (2023)
A.
$300
B.
$280
C.
$270
D.
$250
Show solution
Solution
Let the cost price be x. Selling Price = x - (15/100 * x) = 255. Thus, 0.85x = 255, x = 300.
Correct Answer:
A
— $300
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Q. If a seller marks a product at $400 and gives a discount of 25%, what is the profit if the cost price is $250? (2023)
A.
$50
B.
$75
C.
$100
D.
$125
Show solution
Solution
Selling Price = $400 - (25% of $400) = $400 - $100 = $300. Profit = Selling Price - Cost Price = $300 - $250 = $50.
Correct Answer:
C
— $100
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Q. If a seller marks up the price of a product by 50% and then offers a discount of 20%, what is the effective percentage increase in the price?
A.
30%
B.
25%
C.
20%
D.
15%
Show solution
Solution
Let the cost price be $100. Marked Price = $100 + ($100 * 0.50) = $150. Selling Price after discount = $150 - ($150 * 0.20) = $120. Effective increase = (($120 - $100) / $100) * 100 = 20%.
Correct Answer:
B
— 25%
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Q. If a shopkeeper marks a price of $400 on a product and offers a discount of 25%, what is the profit if the cost price is $250?
A.
$50
B.
$100
C.
$75
D.
$125
Show solution
Solution
Selling Price = 400 - (25% of 400) = 400 - 100 = $300. Profit = Selling Price - Cost Price = 300 - 250 = $50.
Correct Answer:
B
— $100
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Q. If a shopkeeper sells a bicycle for $240 after a discount of 20%, what was the marked price?
A.
$280
B.
$300
C.
$320
D.
$350
Show solution
Solution
Let the marked price be x. Selling Price = x - 20% of x = 240. Thus, 0.8x = 240, so x = 300.
Correct Answer:
B
— $300
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Q. If a shopkeeper sells a product for $80 after a discount of 20%, what was the marked price?
A.
$100
B.
$90
C.
$110
D.
$120
Show solution
Solution
Let the marked price be x. Selling Price = x - (20% of x) = 0.80x. Thus, 0.80x = $80, so x = $80 / 0.80 = $100.
Correct Answer:
A
— $100
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Q. If a shopkeeper sells an item at a loss of 10% and the cost price is $200, what is the selling price?
A.
$180
B.
$190
C.
$200
D.
$210
Show solution
Solution
Selling Price = Cost Price - (Loss Percentage * Cost Price) = $200 - (0.10 * $200) = $200 - $20 = $180.
Correct Answer:
A
— $180
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Q. If a shopkeeper sells an item at a loss of 10% and the cost price is $500, what is the selling price?
A.
$450
B.
$500
C.
$550
D.
$400
Show solution
Solution
Selling Price = Cost Price - (Loss Percentage * Cost Price) = $500 - (0.10 * $500) = $500 - $50 = $450.
Correct Answer:
A
— $450
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Q. If a shopkeeper sells an item at a loss of 10% and the selling price is $90, what was the cost price?
A.
$100
B.
$110
C.
$80
D.
$90
Show solution
Solution
Let the cost price be x. Selling Price = Cost Price - (10% of Cost Price) = x - 0.10x = 0.90x. Thus, 0.90x = $90, so x = $90 / 0.90 = $100.
Correct Answer:
A
— $100
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Q. If a shopkeeper sells an item for $120 after applying a discount of 20%, what was the original price?
A.
$140
B.
$150
C.
$160
D.
$180
Show solution
Solution
Let the original price be x. Selling Price = x - 20% of x = 120. Thus, 0.8x = 120, so x = 150.
Correct Answer:
A
— $140
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Q. If a shopkeeper sells an item for $120 after giving a discount of 20%, what was the original price?
A.
$140
B.
$150
C.
$160
D.
$180
Show solution
Solution
Let the original price be x. Then, 120 = x - 20% of x => 120 = x - 0.2x => 120 = 0.8x => x = 150.
Correct Answer:
A
— $140
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Q. If a shopkeeper sells an item for $240 after applying a discount of 20%, what was the original marked price? (2023)
A.
$250
B.
$300
C.
$320
D.
$350
Show solution
Solution
Let the marked price be x. Selling Price = Marked Price - Discount = x - 0.2x = 0.8x. Thus, 0.8x = 240, so x = 300.
Correct Answer:
B
— $300
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Q. If a shopkeeper sells an item for $240 after applying a discount of 20%, what was the marked price? (2023)
A.
$280
B.
$300
C.
$320
D.
$350
Show solution
Solution
Let the marked price be x. Then, Selling Price = x - (20% of x) = 240 => 0.8x = 240 => x = 300.
Correct Answer:
B
— $300
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Q. If a shopkeeper sells an item for $240 after applying a discount of 20%, what was the original price of the item?
A.
$300
B.
$280
C.
$250
D.
$320
Show solution
Solution
Let the original price be x. Selling Price = x - 20% of x = 0.8x. Thus, 0.8x = 240, so x = 300.
Correct Answer:
A
— $300
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Q. If a shopkeeper sells an item for $80 after a discount of 20%, what was the marked price?
A.
$100
B.
$90
C.
$110
D.
$120
Show solution
Solution
Let the marked price be x. After a 20% discount, the selling price is x - (0.20 * x) = 0.80x. Setting this equal to $80 gives 0.80x = $80, so x = $80 / 0.80 = $100.
Correct Answer:
A
— $100
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Q. If a shopkeeper sells an item for $90 at a loss of 10%, what was the cost price?
A.
$100
B.
$95
C.
$85
D.
$80
Show solution
Solution
Let the cost price be x. Selling price = cost price - loss = x - (0.10 * x) = 0.90x. Setting this equal to $90 gives 0.90x = $90, so x = $100.
Correct Answer:
A
— $100
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Q. If a solution contains 25% acid, how much acid is there in 40 liters of the solution?
A.
5 liters
B.
10 liters
C.
15 liters
D.
8 liters
Show solution
Solution
25% of 40 liters is 0.25 * 40 = 10 liters of acid.
Correct Answer:
B
— 10 liters
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