Q. A bicycle is bought for $200 and sold for $180. What is the loss percentage?
-
A.
10%
-
B.
15%
-
C.
20%
-
D.
5%
Solution
Loss = Cost Price - Selling Price = 200 - 180 = 20. Loss Percentage = (Loss/Cost Price) * 100 = (20/200) * 100 = 10%.
Correct Answer:
A
— 10%
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Q. A bicycle is bought for $200 and sold for $240. What is the gain percentage?
-
A.
15%
-
B.
20%
-
C.
25%
-
D.
30%
Solution
Gain = Selling Price - Cost Price = 240 - 200 = 40. Gain Percentage = (Gain/Cost Price) * 100 = (40/200) * 100 = 20%.
Correct Answer:
B
— 20%
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Q. A laptop is sold for $800 after a discount of 20%. What was the marked price?
-
A.
$1000
-
B.
$960
-
C.
$800
-
D.
$850
Solution
Let Marked Price = x. Selling Price = x - 20% of x = 0.8x. 0.8x = 800. x = 800/0.8 = 1000.
Correct Answer:
A
— $1000
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Q. A laptop is sold for $900 after a profit of 25%. What was the cost price?
-
A.
$700
-
B.
$750
-
C.
$800
-
D.
$850
Solution
Let Cost Price = x. Selling Price = x + 25% of x = 1.25x. 1.25x = 900. x = 900/1.25 = 720.
Correct Answer:
B
— $750
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Q. A man bought a laptop for $800 and sold it for $720. What is the loss percentage?
-
A.
10%
-
B.
15%
-
C.
20%
-
D.
25%
Solution
Loss = Cost Price - Selling Price = 800 - 720 = 80. Loss Percentage = (Loss/Cost Price) * 100 = (80/800) * 100 = 10%.
Correct Answer:
A
— 10%
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Q. A man bought a watch for $200 and sold it for $250. What is the gain in percentage?
-
A.
20%
-
B.
25%
-
C.
30%
-
D.
15%
Solution
Gain = Selling Price - Cost Price = 250 - 200 = 50. Gain Percentage = (Gain/Cost Price) * 100 = (50/200) * 100 = 25%.
Correct Answer:
B
— 25%
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Q. A man sells a bicycle for $720, making a loss of 10%. What was the cost price of the bicycle?
-
A.
$800
-
B.
$750
-
C.
$700
-
D.
$720
Solution
Let Cost Price = x. Selling Price = x - 10% of x = 0.9x. 0.9x = 720. x = 720/0.9 = 800.
Correct Answer:
A
— $800
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Q. A man sells an article for $150 at a loss of 10%. What was the cost price?
-
A.
$165
-
B.
$140
-
C.
$150
-
D.
$135
Solution
Let Cost Price = x. Selling Price = x - 10% of x = 0.9x. 0.9x = 150. x = 150/0.9 = 165.
Correct Answer:
A
— $165
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Q. A man sells an article for $300 at a loss of 25%. What was the cost price?
-
A.
$350
-
B.
$400
-
C.
$375
-
D.
$300
Solution
Let Cost Price = x. Selling Price = x - 25% of x = 0.75x. 0.75x = 300. x = 300/0.75 = 400.
Correct Answer:
B
— $400
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Q. A merchant bought 50 kg of rice at $2 per kg and sold it at $2.50 per kg. What is the total profit?
-
A.
$25
-
B.
$30
-
C.
$20
-
D.
$15
Solution
Cost Price = 50 * 2 = 100. Selling Price = 50 * 2.5 = 125. Profit = Selling Price - Cost Price = 125 - 100 = 25.
Correct Answer:
A
— $25
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Q. A merchant bought 50 kg of sugar at $2 per kg and sold it at $2.50 per kg. What is the total profit?
-
A.
$20
-
B.
$25
-
C.
$30
-
D.
$35
Solution
Cost Price = 50 * 2 = 100. Selling Price = 50 * 2.5 = 125. Profit = Selling Price - Cost Price = 125 - 100 = 25.
Correct Answer:
B
— $25
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Q. A product is bought for $150 and sold for $120. What is the loss percentage?
-
A.
15%
-
B.
20%
-
C.
25%
-
D.
30%
Solution
Loss = Cost Price - Selling Price = 150 - 120 = 30. Loss Percentage = (Loss/Cost Price) * 100 = (30/150) * 100 = 20%.
Correct Answer:
B
— 20%
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Q. A seller bought a watch for $150 and sold it for $120. What is the loss in dollars?
-
A.
$20
-
B.
$30
-
C.
$25
-
D.
$15
Solution
Loss = Cost Price - Selling Price = 150 - 120 = 30.
Correct Answer:
A
— $20
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Q. A shopkeeper bought a shirt for $40 and sold it for $50. What is the profit percentage?
-
A.
20%
-
B.
25%
-
C.
30%
-
D.
15%
Solution
Profit = Selling Price - Cost Price = 50 - 40 = 10. Profit Percentage = (Profit/Cost Price) * 100 = (10/40) * 100 = 25%.
Correct Answer:
B
— 25%
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Q. A shopkeeper sells a shirt for $300 after giving a discount of 25% on the marked price. What was the marked price?
-
A.
$350
-
B.
$400
-
C.
$450
-
D.
$500
Solution
Let Marked Price = x. Selling Price = x - 25% of x = 0.75x. 0.75x = 300. x = 300/0.75 = 400.
Correct Answer:
B
— $400
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Q. A trader marks a price of $1000 on an item and offers a discount of 15%. What is the selling price?
-
A.
$850
-
B.
$900
-
C.
$950
-
D.
$800
Solution
Discount = 15% of 1000 = 150. Selling Price = Marked Price - Discount = 1000 - 150 = 850.
Correct Answer:
A
— $850
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Q. A trader marks a price of $500 on an item and offers a discount of 10%. What is the selling price?
-
A.
$450
-
B.
$400
-
C.
$500
-
D.
$350
Solution
Discount = 10% of 500 = 50. Selling Price = Marked Price - Discount = 500 - 50 = 450.
Correct Answer:
A
— $450
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Q. If a person buys a watch for $80 and sells it for $64, what is the loss percentage?
-
A.
15%
-
B.
20%
-
C.
25%
-
D.
30%
Solution
Loss = Cost Price - Selling Price = 80 - 64 = 16. Loss Percentage = (Loss/Cost Price) * 100 = (16/80) * 100 = 20%.
Correct Answer:
C
— 25%
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Q. If a person sells a book for $30 at a loss of 25%, what was the cost price?
-
A.
$35
-
B.
$40
-
C.
$45
-
D.
$50
Solution
Let Cost Price = x. Selling Price = x - 25% of x = 0.75x. 0.75x = 30. x = 30/0.75 = 40.
Correct Answer:
B
— $40
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Q. If a person sells a book for $45 and incurs a loss of 10%, what was the cost price?
-
A.
$50
-
B.
$55
-
C.
$60
-
D.
$45
Solution
Let Cost Price = x. Selling Price = x - 10% of x = 0.9x. 0.9x = 45. x = 45/0.9 = 50.
Correct Answer:
A
— $50
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Q. If a product is sold for $120 at a profit of 20%, what was the cost price?
-
A.
$100
-
B.
$90
-
C.
$110
-
D.
$80
Solution
Let Cost Price = x. Selling Price = x + 20% of x = 1.2x. 1.2x = 120. x = 120/1.2 = 100.
Correct Answer:
A
— $100
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Q. If a product is sold for $600 at a profit of 20%, what was the cost price?
-
A.
$480
-
B.
$500
-
C.
$520
-
D.
$600
Solution
Let Cost Price = x. Selling Price = x + 20% of x = 1.2x. 1.2x = 600. x = 600/1.2 = 500.
Correct Answer:
A
— $480
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Q. If a seller sells an item for $450 at a loss of 10%, what was the cost price?
-
A.
$500
-
B.
$550
-
C.
$600
-
D.
$450
Solution
Let Cost Price = x. Selling Price = x - 10% of x = 0.9x. 0.9x = 450. x = 450/0.9 = 500.
Correct Answer:
A
— $500
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Q. If a trader makes a profit of 15% on an item that costs $80, what is the selling price?
-
A.
$90
-
B.
$92
-
C.
$95
-
D.
$85
Solution
Profit = 15% of 80 = 0.15 * 80 = 12. Selling Price = Cost Price + Profit = 80 + 12 = 92.
Correct Answer:
B
— $92
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Q. If the cost price of an item is $300 and it is sold for $360, what is the profit in dollars?
-
A.
$50
-
B.
$60
-
C.
$70
-
D.
$80
Solution
Profit = Selling Price - Cost Price = 360 - 300 = 60.
Correct Answer:
B
— $60
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