Profit, loss, and discount quiz
Profit, Loss, and Discount Quiz
Calculate profit, loss, percentages, markup, discount, selling price, and successive percentage changes.
Related to Quantitative Aptitude and Profit, loss, and discount.
- Difficulty
- beginner
- Questions
- 5
- Estimated time
- About 5–8 min
Lesson connection
Prepare for this practice
Translate everyday buying and selling language into accurate amounts and percentages.
Review Profit, loss, and discount before starting →Ideas to recall
- Profit equals selling price minus cost price; loss reverses that difference.
- Profit and loss percentages normally use cost price as the base.
- Discount is measured from the marked or original price.
- Successive percentage changes should be applied one after another, not simply added.
Use these ideas to reason through each question; answer-specific explanations appear only after you check a response.
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Assessment Coverage & Question Outline
This assessment contains 5 multiple-choice challenge questions designed to evaluate core conceptual understanding and practical application of Profit, loss, and discount. Review the questions below to test your recall or use the interactive assessment above for real-time validation and detailed step-by-step explanations.
An item costs 80 and sells for 100. What is the profit?
- A.25
- B.20
- C.180
For that item, what is the profit percentage based on cost price?
- A.20%
- B.80%
- C.25%
A product marked at 200 receives a 15% discount. What is the selling price?
- A.170
- B.185
- C.30
When does a loss occur?
- A.When selling price equals cost price
- B.When selling price is less than cost price
- C.Whenever a marked price is shown
A price falls 10% and then rises 10%. Does it return to the original price?
- A.Yes, the changes cancel exactly
- B.No, it becomes 80% of the original
- C.No, it becomes 99% of the original
Want to check your answers? Use the interactive practice tool at the top of the page to submit your choices and view in-depth explanations for every option.
Study Lesson Guide →Related lessons
- Understanding percentages Interpret percentages, convert between common forms, and calculate percentage change and quantities.
- Ratios and proportions Compare quantities with ratios and solve equivalent-ratio problems using scale factors or unit rates.
- Simple and compound interest Compare interest calculated on the original principal with growth calculated on a changing balance.