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?

- a) $225
**b) $250**- c) $275
- 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?

**a) $500**- b) $550
- c) $600
- d) $650

Answer: a) $500

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

- a) 20%
- b) 25%
- c) 30%
- 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?

- a) $100
- b) $120
- c) $140
- d) $160

Answer: b) $120

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