Discrete Mathematics MCQs & Short Quiz

MCQs|

Profit and Loss

• A trader marks up his goods by 25%. If the cost price of an item is $200, what is the selling price?

1. a) $225
2. b) $250
3. c) $275
4. d) $300

• A man sold a watch for $550, which is 10% more than the cost price. What is the cost price of the watch?

1. a) $500
2. b) $550
3. c) $600
4. d) $650

 

Answer: a) $500

 

A person bought a smartphone for $800 and sold it for $1000. What is the percentage profit made?

1. a) 20%
2. b) 25%
3. c) 30%
4. d) 35%

 

Answer: a) 20%

 

If the cost price of an item is $100 and it is sold at a profit of 20%, what is the selling price?

1. a) $100
2. b) $120
3. c) $140
4. d) $160

 

Answer: b) $120

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