Profit and Loss Mastery

Question 1: A shopkeeper sells an item at a 25% discount, but still makes a profit of 20%. What was the original cost price of the item?

Question 2: A company purchased a machine for $50,000 and spent an additional $5,000 on transportation and installation. If the company sold the machine for $65,000, what was the percentage profit or loss?

Question 3: A retailer purchased 100 items for $500 and sold 80 items at a 25% profit. At what price should the remaining 20 items be sold to break even?

Question 4: A trader marks up his cost price by 40% and then offers a discount of 20% on the marked price. What is his actual percentage profit or loss?

Question 5: A company incurred expenses of $10,000 on manufacturing a product. If the company sold the product for $12,000, what was the percentage profit or loss?

Question 6: A retailer bought a product for $80 and sold it at a 20% discount. If the retailer wants to make a profit of 25%, at what price should the product be sold?

Question 7: A company purchased a machine for $10,000 and spent an additional $2,000 on repairs. If the company sold the machine for $12,500, what was the percentage profit or loss?

Question 8: A shopkeeper bought a product for $50 and sold it at a 10% loss. If the shopkeeper wants to make a profit of 20%, at what price should the product be sold?

Question 9: A company incurred expenses of $8,000 on manufacturing a product. If the company sold the product for $10,000, what was the percentage profit or loss?

Question 10: A trader bought a product for $120 and sold it at a 15% profit. If the trader wants to make a profit of 25%, at what price should the product be sold?