Profit and Loss Price Calculations

Profit and Loss Price Calculations

#### A store owner bought 500 handbags at a price of Rs. 20 each. If the store sold each handbag at a price of Rs. 30, what was the profit made by the store? 1. [ ] Rs. 500 2. [ ] Rs. 1000 3. [ ] Rs. 2000 4. [x] Rs. 5000 #### If a product was initially priced at Rs. 60 and was discounted by 30%, what was the marked price of the product? 1. [ ] Rs. 36 2. [x] Rs. 42 3. [ ] Rs. 45 4. [ ] Rs. 50 #### A store bought 500 items for Rs. 1200 and sold them for Rs. 2000. What was the profit margin percentage made by the store? 1. [ ] 40% 2. [x] 67% 3. [ ] 75% 4. [ ] 80% #### If a company sold 1000 units of a product for Rs. 110,000 and the cost of each unit was Rs. 45, what was the profit made by the company? 1. [ ] Rs. 55,000 2. [x] Rs. 65,000 3. [ ] Rs. 70,000 4. [ ] Rs. 75,000 #### If a product was marked up by 50% and was sold for Rs. 60, what was the original cost price of the product? 1. [ ] Rs. 36 2. [x] Rs. 40 3. [ ] Rs. 45 4. [ ] Rs. 50