Q. A bicycle is bought for $150 and sold for $120. What is the loss percentage?
-
A.
20%
-
B.
15%
-
C.
10%
-
D.
25%
Solution
Loss = Cost Price - Selling Price = 150 - 120 = 30. Loss Percentage = (Loss/Cost Price) * 100 = (30/150) * 100 = 20%.
Correct Answer:
A
— 20%
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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 book is sold for $150 after a discount of 10%. What was the marked price?
-
A.
$165
-
B.
$160
-
C.
$170
-
D.
$155
Solution
Let Marked 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 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 $800 after a profit of 25%. What was the cost price?
-
A.
$600
-
B.
$640
-
C.
$650
-
D.
$700
Solution
Let Cost Price = x. Selling Price = x + 25% of x = 1.25x. 1.25x = 800. x = 800/1.25 = 640.
Correct Answer:
A
— $600
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Q. A laptop is sold for $800 after a profit of 60%. What was the cost price?
-
A.
$500
-
B.
$600
-
C.
$700
-
D.
$400
Solution
Let Cost Price = x. Selling Price = x + 60% of x = 1.6x. 1.6x = 800. x = 800/1.6 = 500.
Correct Answer:
B
— $600
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Q. A laptop is sold for $800, which is 25% more than its cost price. What is the cost price?
-
A.
$600
-
B.
$640
-
C.
$700
-
D.
$720
Solution
Let Cost Price = x. Selling Price = x + 25% of x = 1.25x. 1.25x = 800. x = 800/1.25 = 640.
Correct Answer:
A
— $600
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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 $300, making a loss of 10%. What was the cost price of the bicycle?
-
A.
$270
-
B.
$300
-
C.
$330
-
D.
$350
Solution
Let Cost Price = x. Selling Price = x - 10% of x = 0.9x. Therefore, 0.9x = 300. x = 300/0.9 = 333.33.
Correct Answer:
C
— $330
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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 $200 at a loss of 10%. What was the cost price?
-
A.
$220
-
B.
$210
-
C.
$230
-
D.
$240
Solution
Let Cost Price = x. Selling Price = x - 10% of x = 0.9x. 0.9x = 200. x = 200/0.9 = 220.
Correct Answer:
A
— $220
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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 100 kg of rice at $2 per kg and sold it at $2.50 per kg. What is the total profit?
-
A.
$50
-
B.
$100
-
C.
$75
-
D.
$25
Solution
Cost Price = 100 * 2 = 200. Selling Price = 100 * 2.5 = 250. Profit = Selling Price - Cost Price = 250 - 200 = 50.
Correct Answer:
A
— $50
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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 person bought a watch for $120 and sold it for $90. What is the loss percentage?
-
A.
20%
-
B.
25%
-
C.
30%
-
D.
15%
Solution
Loss = Cost Price - Selling Price = 120 - 90 = 30. Loss Percentage = (Loss/Cost Price) * 100 = (30/120) * 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 product is bought for $250 and sold for $300. What is the profit in dollars?
-
A.
$40
-
B.
$50
-
C.
$60
-
D.
$70
Solution
Profit = Selling Price - Cost Price = 300 - 250 = 50.
Correct Answer:
B
— $50
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Q. A product is sold for $300 after a profit of 25%. What was the cost price?
-
A.
$240
-
B.
$250
-
C.
$260
-
D.
$270
Solution
Let Cost Price = x. Selling Price = x + 25% of x = 1.25x. 1.25x = 300. x = 300/1.25 = 240.
Correct Answer:
A
— $240
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Q. A retailer bought 10 items for $200 and sold them for $250. What is the profit percentage?
-
A.
20%
-
B.
25%
-
C.
30%
-
D.
15%
Solution
Total Cost Price = 200. Total Selling Price = 250. Profit = 250 - 200 = 50. Profit Percentage = (Profit/Cost Price) * 100 = (50/200) * 100 = 25%.
Correct Answer:
B
— 25%
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Q. A retailer bought a laptop for $800 and sold it for $960. What is the profit percentage?
-
A.
15%
-
B.
20%
-
C.
25%
-
D.
30%
Solution
Profit = Selling Price - Cost Price = 960 - 800 = 160. Profit Percentage = (160/800) * 100 = 20%.
Correct Answer:
B
— 20%
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Q. A retailer bought a toy for $15 and sold it for $18. What is the profit percentage?
-
A.
20%
-
B.
25%
-
C.
30%
-
D.
15%
Solution
Profit = Selling Price - Cost Price = 18 - 15 = 3. Profit Percentage = (3/15) * 100 = 20%.
Correct Answer:
B
— 25%
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Q. A retailer bought a watch for $300 and sold it for $360. What is the profit percentage?
-
A.
15%
-
B.
20%
-
C.
25%
-
D.
30%
Solution
Profit = Selling Price - Cost Price = 360 - 300 = 60. Profit Percentage = (60/300) * 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 seller marks a price of $500 on a product and offers a discount of 20%. What is the selling price?
-
A.
$400
-
B.
$450
-
C.
$350
-
D.
$300
Solution
Discount = 20% of 500 = 100. Selling Price = Marked Price - Discount = 500 - 100 = 400.
Correct Answer:
A
— $400
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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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