CTJan27 Online Year 7 - Introduction to Financial Maths

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Understanding the Meaning of "Percent"

Questions for: Understanding the Meaning of "Percent"

1

The word "percent" comes from the Latin "per centum". What does this phrase literally mean?

For every fifty

For every hundred

For every ten

A part of a whole

For every thousand

2

A recipe for a smoothie requires that $\frac{3}{5}$ of the total volume is fruit. What is this fraction expressed as a percentage?

$35%$

$30%$

$3.5%$

$60%$

$50%$

3

To perform a calculation involving a $45%$ discount on an item, you must first convert the percentage to a decimal. What is $45%$ as a decimal?

$0.45$

$0.045$

$4500$

$45.0$

$4.5$

4

An electronics store offers a $25%$ discount on a pair of headphones that originally cost 80 dollars. How much is the discount in dollars?

2.50 dollars

25 dollars

8 dollars

55 dollars

20 dollars

5

On a basketball team, a player made 12 successful shots out of 20 attempts. What percentage of their shots were successful?

$20%$

$12%$

$60%$

$80%$

$50%$

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Converting Fractions to Decimals

Questions for: Converting Fractions to Decimals

6

How do you correctly convert the fraction $\frac{4}{5}$ into a decimal?

$0.45$

$4.5$

$0.8$

$1.25$

$0.08$

7

What is the decimal equivalent of the fraction $\frac{7}{8}$?

$1.14$

$0.78$

$0.75$

$0.8$

$0.875$

8

Convert the improper fraction $\frac{9}{4}$ to a decimal.

$2.25$

$2.5$

$4.9$

$9.4$

$0.44$

9

Which decimal represents the fraction $\frac{1}{3}$? Note: A line over a digit indicates that it repeats forever.

$3.0$

$0.3$

$0.33$

$0.\overline{3}$

$0.13$

10

A recipe calls for $\frac{3}{8}$ of a cup of sugar. How would this be written as a decimal?

$2.66$

$0.375$

$0.125$

$0.38$

$3.8$

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Converting Decimals to Percentages

Questions for: Converting Decimals to Percentages

11

How is the decimal $0.45$ expressed as a percentage?

$0.45%$

$4.5%$

$450%$

$45%$

$0.0045%$

12

To convert the decimal $0.7$ into a percentage, what is the correct result?

$0.7%$

$7%$

$700%$

$0.07%$

$70%$

13

A value is represented by the decimal $1.25$. What is this value as a percentage?

$1250%$

$1.25%$

$125%$

$25%$

$12.5%$

14

Convert the decimal $0.875$ to a percentage.

$87.5%$

$8750%$

$875%$

$0.875%$

$8.75%$

15

In a survey, $0.62$ of the students preferred pizza. What percentage of students preferred pizza?

$0.62%$

$62%$

$620%$

$6.2%$

$0.0062%$

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Converting Percentages to Decimals

Questions for: Converting Percentages to Decimals

16

How do you write $35%$ as a decimal?

$0.035$

$35.0$

$3500$

$3.5$

$0.35$

17

What is $8%$ converted to a decimal? Remember, 'percent' means 'per hundred'.

$0.8$

$0.08$

$8.0$

$800$

$0.008$

18

A recipe calls for an ingredient that is $52.5%$ sugar. What is this percentage written as a decimal?

$52.5$

$525$

$5.25$

$0.525$

$0.0525$

19

A savings account offers an interest rate of $1.5%$. To calculate the interest earned, what decimal would you use in your calculation?

$0.0015$

$150$

$0.015$

$1.5$

$0.15$

20

A town's population grew by $175%$ over 20 years. How is this percentage increase represented as a decimal?

$1.75$

$17500$

$17.5$

$0.0175$

$0.175$

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Converting Fractions Directly to Percentages

Questions for: Converting Fractions Directly to Percentages

21

Convert the fraction $\frac{2}{5}$ into a percentage.

$20%$

$50%$

$4%$

$25%$

$40%$

22

What is the fraction $\frac{3}{8}$ expressed as a percentage?

$37.5%$

$3.75%$

$30%$

$37%$

$38%$

23

Express the improper fraction $\frac{6}{5}$ as a percentage.

$83.3%$

$65%$

$12%$

$120%$

$1.2%$

24

A pizza is cut into 10 equal slices. If Sarah eats 3 of the slices, what percentage of the pizza has she eaten?

$70%$

$3%$

$30%$

$10%$

$33.3%$

25

Convert the fraction $\frac{17}{20}$ to its equivalent percentage.

$75%$

$85%$

$20%$

$8.5%$

$17%$

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Converting Percentages to Simplified Fractions

Questions for: Converting Percentages to Simplified Fractions

26

Convert $40%$ to a simplified fraction.

$\frac{2}{5}$

$\frac{4}{10}$

$\frac{40}{10}$

$\frac{1}{4}$

$\frac{1}{25}$

27

Express $125%$ as a simplified fraction.

$\frac{125}{1000}$

$\frac{25}{20}$

$\frac{4}{5}$

$\frac{5}{4}$

$1\frac{1}{5}$

28

What is $37.5%$ written as a fraction in its simplest form?

$\frac{1}{3}$

$\frac{3}{8}$

$\frac{75}{200}$

$\frac{3.75}{10}$

$\frac{375}{100}$

29

A survey found that $65%$ of students in a school own a bicycle. What fraction of the students own a bicycle? Write your answer in simplest form.

$\frac{65}{100}$

$\frac{13}{100}$

$\frac{13}{20}$

$\frac{7}{20}$

$\frac{3}{4}$

30

Which fraction is equivalent to $0.5%$?

$\frac{1}{2}$

$\frac{1}{20}$

$\frac{5}{1000}$

$\frac{5}{100}$

$\frac{1}{200}$

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Calculating a Percentage of a Quantity

Questions for: Calculating a Percentage of a Quantity

31

Calculate $15%$ of 300.

$15$

$50$

$45$

$4.5$

$30$

32

A video game that normally costs 60 dollars is on sale for $20%$ off. How much is the discount in dollars?

1.20 dollars

12 dollars

48 dollars

20 dollars

6 dollars

33

In a school of 500 students, $35%$ are in the school band. How many students are in the band?

150 students

35 students

325 students

175 students

17.5 students

34

A recipe for a smoothie requires 250 mL of juice. You decide to make a larger batch and use $120%$ of the original amount. How much juice do you need?

120 mL

270 mL

250 mL

30 mL

300 mL

35

What is $7%$ of 400 kilograms?

28 kilograms

2.8 kilograms

280 kilograms

40 kilograms

7 kilograms

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Word Problems: Finding a Percentage of an Amount

Questions for: Word Problems: Finding a Percentage of an Amount

36

A school has 450 students. If $60%$ of the students are girls, how many girls are there in the school?

60 girls

300 girls

270 girls

180 girls

450 girls

37

A video game originally costs 80 dollars. It is on sale for $25%$ off. How much is the discount in dollars?

60 dollars

25 dollars

40 dollars

20 dollars

15 dollars

38

The total bill at a restaurant is 120 dollars. A family decides to leave a $15%$ tip for the waiter. What is the amount of the tip?

24 dollars

138 dollars

15 dollars

12 dollars

18 dollars

39

A recipe for a large cake requires 500 grams of flour. A baker wants to make a smaller version of the cake using only $70%$ of each ingredient. How many grams of flour does the baker need for the smaller cake?

150 grams

350 grams

70 grams

430 grams

570 grams

40

In a survey of 800 people, $12.5%$ reported that their favorite color is blue. How many people chose blue as their favorite color?

100 people

125 people

80 people

12 people

200 people

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Expressing One Number as a Percentage of Another

Questions for: Expressing One Number as a Percentage of Another

41

In a class of 25 students, 18 passed the final exam. What percentage of the students passed?

$43%$

$0.72%$

$25%$

$18%$

$72%$

42

A bag contains 50 marbles. 15 of the marbles are red. What percentage of the marbles are red?

$30%$

$15%$

$50%$

$35%$

$3%$

43

Fatima is saving for a bicycle that costs 300 dollars. So far, she has saved 90 dollars. What percentage of the total cost has she saved?

$90%$

$30%$

$210%$

$33.3%$

$3%$

44

A smartphone has 64 GB of storage. If 16 GB of storage is used, what percentage of the storage is used?

$16%$

$64%$

$48%$

$25%$

$4%$

45

On a farm, there are 80 animals. 32 of them are sheep. What percentage of the animals are sheep?

$48%$

$2.5%$

$40%$

$80%$

$32%$

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Word Problems: Calculating a Percentage Score

Questions for: Word Problems: Calculating a Percentage Score

46

Sarah took a science quiz with a total of 40 questions. She answered 32 questions correctly. What was her percentage score?

$8%$

$75%$

$125%$

$20%$

$80%$

47

In a basketball game, a player attempted 25 shots and made 15 of them. What percentage of the shots did the player make?

$60%$

$40%$

$15%$

$167%$

$6%$

48

A spelling test had 50 words. Michael spelled 45 of them correctly. What was his percentage score?

$85%$

$10%$

$90%$

$45%$

$111%$

49

For a history project, a student needed to read 80 pages. So far, they have read 60 pages. What percentage of the project is completed?

$25%$

$133%$

$60%$

$75%$

$7.5%$

50

In a class of 30 students, 27 students passed the final math exam. What percentage of the class passed?

$87%$

$90%$

$111%$

$10%$

$3%$

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Word Problems: Finding a Percentage of an Amount

Questions for: Word Problems: Finding a Percentage of an Amount

51

A video game that normally costs 60 dollars is on sale for $20%$ off. How much is the discount in dollars?

48 dollars

3 dollars

50 dollars

1.20 dollars

12 dollars

52

A school has 800 students. On a particular day, $95%$ of the students are present. How many students are absent?

40 students

4 students

95 students

5 students

760 students

53

A fruit punch recipe requires a total of 1200 milliliters of juice. If $45%$ of the juice must be apple juice, how many milliliters of apple juice are needed?

660 ml

1155 ml

5400 ml

540 ml

54 ml

54

Maria earns 1500 dollars a month. She spends $30%$ of her earnings on rent and saves $20%$ of the remaining amount. How much does she save each month?

1050 dollars

450 dollars

210 dollars

750 dollars

300 dollars

55

A library has 550 books. They plan to increase their collection by $12%$. How many new books will they buy?

55 books

66 books

660 books

562 books

616 books

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Expressing One Number as a Percentage of Another

Questions for: Expressing One Number as a Percentage of Another

56

A student correctly answers 36 questions out of a total of 40 on a test. What is their score as a percentage?

$95%$

$92%$

$90%$

$88%$

$85%$

57

In a basket of 50 fruits, 15 are apples. What percentage of the fruits are apples?

$30%$

$45%$

$25%$

$50%$

$15%$

58

Liam has saved 45 dollars for a new video game that costs 300 dollars. What percentage of the total cost has he saved?

$20%$

$25%$

$12%$

$10%$

$15%$

59

A recipe for a smoothie requires 120 ml of yogurt and 280 ml of milk. What percentage of the total liquid is yogurt?

$35%$

$25%$

$42%$

$30%$

$40%$

60

Express 750 grams as a percentage of 3 kilograms. Hint: Make sure the units are the same before calculating.

$20%$

$25%$

$7.5%$

$75%$

$15%$

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Word Problems: Calculating a Percentage Score

Questions for: Word Problems: Calculating a Percentage Score

61

Maria took a science test that had a total of 50 questions. She answered 45 questions correctly. What was her percentage score on the test?

$90%$

$45%$

$85%$

$80%$

$95%$

62

In his history class, David took a quiz with 25 questions. He got 18 of them right. What is his score as a percentage?

$18%$

$72%$

$70%$

$75%$

$68%$

63

A math exam contained 40 questions. Samantha answered 8 questions incorrectly. What was her percentage score for the questions she answered correctly?

$92%$

$78%$

$32%$

$80%$

$20%$

64

In a spelling bee with 60 words, a contestant spelled 51 words correctly. What percentage of the words did the contestant spell correctly?

$83%$

$87%$

$90%$

$51%$

$85%$

65

A basketball player attempted 30 free throws and made 21 of them. What percentage of the free throws did the player make?

$21%$

$65%$

$70%$

$30%$

$75%$

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Defining Cost Price and Selling Price

Questions for: Defining Cost Price and Selling Price

66

In a business transaction, what is the Cost Price (CP)?

The final price after a discount is applied.

The price a seller pays to acquire the goods.

The total tax paid on the goods.

The profit made from selling the goods.

The price at which a customer buys the goods.

67

The price at which a customer purchases an item from a seller is known as the...

Selling Price (SP)

Profit Margin

Manufacturing Cost

Loss Amount

Cost Price (CP)

68

A profit is made in a transaction under which of the following conditions?

When the Cost Price is zero ($CP = 0$)

When the Selling Price is less than the Cost Price ($SP < CP$)

When the Selling Price is zero ($SP = 0$)

When the Selling Price is equal to the Cost Price ($SP = CP$)

When the Selling Price is greater than the Cost Price ($SP > CP$)

69

A shopkeeper incurs a loss. Which statement correctly describes the relationship between the Cost Price (CP) and Selling Price (SP)?

The Selling Price was higher than the Cost Price ($SP > CP$).

The profit was a positive number.

The Cost Price was equal to the Selling Price ($CP = SP$).

The Cost Price was higher than the Selling Price ($CP > SP$).

The profit was equal to the Cost Price.

70

A bookstore buys a novel for 10 dollars and sells it to a student for 15 dollars. What are the Cost Price (CP) and Selling Price (SP) in this situation?

CP is 5 dollars, SP is 15 dollars.

CP is 10 dollars, SP is 5 dollars.

CP is 10 dollars, SP is 15 dollars.

CP is 15 dollars, SP is 10 dollars.

CP is 15 dollars, SP is 25 dollars.

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Identifying a Profit vs. a Loss

Questions for: Identifying a Profit vs. a Loss

71

For a business transaction to be considered profitable, which of the following conditions must be true?

The Selling Price ($SP$) must be greater than the Cost Price ($CP$).

The Cost Price ($CP$) must be zero.

The Selling Price ($SP$) must be less than the Cost Price ($CP$).

The Selling Price ($SP$) must be zero.

The Selling Price ($SP$) must be equal to the Cost Price ($CP$).

72

A bookstore buys a novel for 10 dollars (Cost Price) and sells it for 15 dollars (Selling Price). What is the result of this transaction?

A loss of 5 dollars.

No profit, no loss.

A profit of 10 dollars.

A profit of 5 dollars.

A loss of 15 dollars.

73

Sarah buys a bicycle for 200 dollars and sells it to her friend for 170 dollars. Did she make a profit or a loss, and by how much?

A loss of 200 dollars.

A profit of 30 dollars.

A profit of 170 dollars.

A profit of 370 dollars.

A loss of 30 dollars.

74

If a shopkeeper experiences a loss on an item, which formula correctly calculates the amount of the loss?

$Loss = Cost \ Price \ (CP) * Selling \ Price \ (SP)$

$Loss = Cost \ Price \ (CP) - Selling \ Price \ (SP)$

$Loss = Cost \ Price \ (CP) + Selling \ Price \ (SP)$

$Loss = Selling \ Price \ (SP) - Cost \ Price \ (CP)$

$Loss = Selling \ Price \ (SP) / Cost \ Price \ (CP)$

75

A grocer buys a crate of oranges for 25 dollars. After selling all the oranges individually, she has collected a total of 32 dollars. What is the outcome of her business with the oranges?

A profit of 32 dollars.

A loss of 25 dollars.

A profit of 7 dollars.

A loss of 7 dollars.

A profit of 57 dollars.

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Calculating Simple Profit from CP and SP

Questions for: Calculating Simple Profit from CP and SP

76

A shopkeeper buys a bicycle for 150 dollars and sells it for 220 dollars. What is the profit made? Use the formula: $Profit = SP - CP$.

150 dollars

80 dollars

370 dollars

70 dollars

220 dollars

77

Rhea buys a box of pens for 25 dollars (Cost Price) and sells it for 40 dollars (Selling Price). How much profit did she make on the sale?

10 dollars

25 dollars

15 dollars

40 dollars

65 dollars

78

A store purchased a video game for 60 dollars. They sold it to a customer for 75 dollars. Calculate the profit earned by the store.

15 dollars

25 dollars

75 dollars

135 dollars

60 dollars

79

A baker's Cost Price (CP) to make a cake is 12 dollars. The Selling Price (SP) of the cake is 20 dollars. What is the profit from selling one cake?

10 dollars

8 dollars

32 dollars

12 dollars

20 dollars

80

An artist creates a custom t-shirt. The Cost Price for the materials is 18 dollars. The artist sells the t-shirt for 30 dollars. Calculate the simple profit.

22 dollars

30 dollars

18 dollars

48 dollars

12 dollars

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Calculating Simple Loss from CP and SP

Questions for: Calculating Simple Loss from CP and SP

81

A shopkeeper buys a toy for 150 dollars and sells it for 120 dollars. What is the loss incurred? The formula for loss is $Loss = Cost Price (CP) โ€“ Selling Price (SP)$.

270 dollars

120 dollars

150 dollars

20 dollars

30 dollars

82

A bicycle was bought for 800 dollars and sold for 725 dollars. Calculate the loss using the formula $Loss = CP - SP$.

1525 dollars

50 dollars

100 dollars

75 dollars

800 dollars

83

A used laptop is purchased for 2500 dollars. Due to a defect, it is sold for 2150 dollars. What is the financial loss? Remember, $Loss = CP - SP$.

350 dollars

300 dollars

4650 dollars

450 dollars

2150 dollars

84

A bookstore buys a novel for 55 dollars and sells it during a clearance sale for 48 dollars. How much loss did the store make on the novel?

48 dollars

7 dollars

103 dollars

5 dollars

13 dollars

85

A furniture store bought a chair for a Cost Price (CP) of 1250 dollars. They sold it for a Selling Price (SP) of 990 dollars. Find the loss.

360 dollars

990 dollars

260 dollars

2240 dollars

160 dollars

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Word Problems: Finding the Profit Amount

Questions for: Word Problems: Finding the Profit Amount

86

A local bookstore buys a novel for 15 dollars and sells it for 22 dollars. What is the profit made on the novel? Use the formula: Profit = Selling Price (SP) โ€“ Cost Price (CP).

15 dollars

22 dollars

7 dollars

37 dollars

8 dollars

87

A baker spends 8 dollars on ingredients to bake a cake. He sells the cake for 20 dollars. How much profit did the baker make? Remember, $Profit = SP - CP$.

12 dollars

28 dollars

10 dollars

8 dollars

20 dollars

88

Mariah bought a used bicycle for 40 dollars. She spent an additional 10 dollars on repairs. She then sold the bicycle for 75 dollars. What was her total profit? First, find the total Cost Price (CP) by adding the purchase price and the repair cost.

50 dollars

35 dollars

75 dollars

10 dollars

25 dollars

89

A clothing store bought a box of 30 T-shirts for a total of 300 dollars. The store sold each T-shirt for 18 dollars. What is the profit made on a single T-shirt?

28 dollars

18 dollars

272 dollars

8 dollars

10 dollars

90

Leo makes custom phone cases. The material for each case costs him 3 dollars. He sells each completed phone case for 11 dollars. What is the profit Leo makes on one phone case?

7 dollars

8 dollars

3 dollars

14 dollars

11 dollars

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Calculating Percentage Profit

Questions for: Calculating Percentage Profit

91

A shopkeeper buys a pen for 10 dollars and sells it for 12 dollars. What is the percentage profit?

$25%$

$2%$

$12%$

$20%$

$10%$

92

A bicycle was purchased for 200 dollars and sold for 250 dollars. Calculate the percentage profit.

$30%$

$50%$

$20%$

$125%$

$25%$

93

The percentage profit is always calculated based on which of the following?

Selling Price (SP)

The discounted price

The profit amount

The market price

Cost Price (CP)

94

Rohan buys a watch for 80 dollars and sells it making a profit of 16 dollars. What is his percentage profit?

$16%$

$80%$

$20%$

$25%$

$10%$

95

An antique chair is bought for 150 dollars and sold for 180 dollars. Find the profit percentage.

$15%$

$16.67%$

$30%$

$20%$

$25%$

96

A retailer buys a radio for 40 dollars and sells it for 52 dollars. What is the gain percent?

$23%$

$30%$

$12%$

$25%$

$40%$

97

If the cost price of an item is 500 dollars and the selling price is 550 dollars, the profit percentage is:

$10%$

$11%$

$50%$

$9.1%$

$5%$

98

A grocer buys a sack of rice for 30 dollars and sells it for 36 dollars. What is the profit percent?

$16.67%$

$25%$

$20%$

$15%$

$6%$

99

A mobile phone is bought for 320 dollars and sold for 400 dollars. What is the percentage profit?

$25%$

$30%$

$80%$

$125%$

$20%$

100

What is the formula for calculating percentage profit?

$(\text{Selling Price} - \text{Cost Price}) \times 100%$

$\frac{\text{Profit}}{\text{Cost Price}} \times 100%$

$\frac{\text{Profit}}{\text{Selling Price}} \times 100%$

$\frac{\text{Selling Price}}{\text{Cost Price}} \times 100%$

$\frac{\text{Cost Price}}{\text{Profit}} \times 100%$

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Calculating Percentage Loss

Questions for: Calculating Percentage Loss

101

A toy store buys a doll for 100 dollars and sells it for 80 dollars. What is the percentage loss?

$25%$

$100%$

$15%$

$80%$

$20%$

102

A shopkeeper purchased a jacket for 50 dollars but had to sell it for 45 dollars. Calculate the percentage loss.

$5%$

$9%$

$11.1%$

$15%$

$10%$

103

An electronics store bought a laptop for 800 dollars and sold it on clearance for 720 dollars. What was the percentage loss?

$10%$

$12%$

$8%$

$11.1%$

$90%$

104

A retailer buys a bicycle for 250 dollars and sells it for 200 dollars. What is the percentage loss, calculated as $(\frac{\text{Loss}}{\text{Cost Price}}) \times 100%$?

$20%$

$15%$

$25%$

$50%$

$80%$

105

A store buys a television for 600 dollars and has to sell it for 510 dollars. Calculate the percentage loss.

$20%$

$90%$

$15%$

$17.6%$

$10%$

106

To calculate the percentage loss, the loss amount is always divided by which of the following values?

100

Cost Price

The loss amount itself

Selling Price

The profit amount

107

A trader incurs a loss of 40 dollars on an item that had a cost price of 400 dollars. What is the percentage loss?

$40%$

$10%$

$1%$

$11%$

$4%$

108

A bookstore bought a novel for 20 dollars and sold it for 18 dollars. What is the percentage loss?

$2%$

$20%$

$11.1%$

$10%$

$9%$

109

A baker makes a batch of cookies for 40 dollars but can only sell them for 34 dollars. What is the percentage loss?

$6%$

$20%$

$15%$

$12.5%$

$17.6%$

110

A furniture store bought a chair for 160 dollars and sold it during a sale for 120 dollars. Find the percentage loss.

$16%$

$20%$

$33.3%$

$25%$

$40%$

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Mixed Practice: Profit/Loss Amount and Percentage

Questions for: Mixed Practice: Profit/Loss Amount and Percentage

111

A shopkeeper buys a bicycle for 500 dollars and sells it for 575 dollars. What is the profit amount?

A loss of 500 dollars

A profit of 75 dollars

A profit of 575 dollars

A loss of 75 dollars

A profit of 50 dollars

112

Rohan bought a table for 120 dollars and had to sell it for 105 dollars. Calculate his loss.

A profit of 15 dollars

A loss of 15 dollars

A loss of 25 dollars

A profit of 25 dollars

A loss of 105 dollars

113

A book was purchased for 200 dollars and sold for 240 dollars. What is the profit percentage?

$24%$

$16.67%$

$25%$

$20%$

$40%$

114

A video game has a cost price of 60 dollars and is sold at a loss of 9 dollars. What is the percentage loss?

$9%$

$17.6%$

$20%$

$12%$

$15%$

115

Maria buys a jacket for 80 dollars and sells it for 100 dollars. Find her profit or loss percentage.

Profit of $25%$

Loss of $20%$

Loss of $25%$

Profit of $20%$

Profit of $22.5%$

116

A trader buys goods for 1500 dollars and sells them for 1200 dollars. What is the result of this transaction?

A profit of 20%

A loss of 300 dollars

A profit of 300 dollars

A loss of 20%

A loss of 25%

117

If the cost price of an item is 480 dollars and the selling price is 540 dollars, what is the profit percentage?

$60%$

$10%$

$12.5%$

$11.11%$

$15%$

118

A mobile phone is bought for 320 dollars and sold at a loss of 10%. What is the loss amount?

352 dollars

10 dollars

32 dollars

3.20 dollars

288 dollars

119

The cost price of a chair is 250 dollars. It was sold at a loss of 40 dollars. What is the loss percentage?

16%

40%

19%

20%

15%

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Finding the Selling Price given Cost Price and Profit

Questions for: Finding the Selling Price given Cost Price and Profit

120

A toy has a cost price of 100 dollars. If the profit made on selling it is 20 dollars, what is its selling price? The formula for Selling Price (SP) is $SP = CP + Profit$.

120 dollars

140 dollars

80 dollars

100 dollars

20 dollars

121

The cost price of a jacket is 250 dollars and the seller makes a profit of 50 dollars. Find the selling price.

300 dollars

50 dollars

200 dollars

250 dollars

350 dollars

122

Ravi buys a watch for 80 dollars and wants to sell it at a profit of $10%$. What should be the selling price?

8 dollars

80 dollars

90 dollars

72 dollars

88 dollars

123

A video game has a cost price of 120 dollars. If a profit of $25%$ is to be made, what is the selling price? (Hint: Profit = $25%$ of Cost Price)

30 dollars

90 dollars

150 dollars

120 dollars

180 dollars

124

A pair of shoes is bought for 200 dollars. To make a profit of $15%$, at what price should they be sold?

30 dollars

200 dollars

245 dollars

215 dollars

230 dollars

125

A shopkeeper buys a bicycle for 300 dollars and wants to make a profit of $20%$. What should be the selling price of the bicycle?

240 dollars

320 dollars

360 dollars

300 dollars

60 dollars

126

An electronics store buys a laptop for 800 dollars. To make a profit, they mark it up by $30%$. What is the selling price of the laptop?

560 dollars

1040 dollars

1100 dollars

240 dollars

800 dollars

127

A bookseller buys a book for 45.50 dollars and wants a profit of $10%$. What is the selling price? Remember, $10%$ of a number can be found by dividing it by 10.

51.00 dollars

4.55 dollars

40.95 dollars

50.05 dollars

49.50 dollars

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