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
Short Quiz | Your Content
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