Practice math applications MCQs, grade 8 online math test 6, profit and loss percentage multiple choice questions and answers. Profit and loss percentage revision test has math worksheets, helping answer key with choices as \$6.20, \$4.10, \$5.80 and \$7.30 of multiple choice questions (MCQ) with profit and loss percentage quiz as harry bought 50kg of potatoes for resale on his retailer store whereas he paid \$2/kg. he expects that 5% potatoes will be rotten. if 95% profit on cost is to be obtained then selling price is for competitive exam prep, viva interview questions. Free math study guide to practice profit and loss percentage quiz to attempt multiple choice questions based test.

MCQ. Harry bought 50kg of potatoes for resale on his retailer store whereas he paid \$2/kg. he expects that 5% potatoes will be rotten. If 95% profit on cost is to be obtained then selling price is

1. \$4.10
2. \$6.20
3. \$5.80
4. \$7.30

A

MCQ. John invested \$8000 at 6.5% per annum compound interest which is compounded daily. The amount at the end of fifth year is

1. \$13,960.70
2. \$10,960.70
3. \$11,960.70
4. \$12,960.70

B

MCQ. The income tax imposed on first \$90000 of income is \$4000 and next \$20000 is 7%. If chargeable income is \$100,000 then the tax payable by the tax payers is

1. \$5,400
2. \$6,500
3. \$7,000
4. \$7,200

A

MCQ. If a book is sold for \$250 at 15% loss on cost then cost price of book is

1. \$350
2. \$300
3. \$365
4. \$294

D

MCQ. The shopkeeper paid \$80 each for two pair of shoes. He sell first pair of shoes making profit of 35% of cost price. He sell second pair of shoes at loss of 18% of cost price. The selling price of each pair of shoes respectively is

1. \$125, \$60.7
2. \$123, \$69.7
3. \$108, \$65.6
4. \$110, \$68.6

C