**1. What would be the cost of $100 if it is discounted by 25%?**

a) $75

b) $80

c) $90

d) $95

**Answer:** a) $75

**Explanation:** The item is on sale for 25% off.

Therefore, $100 x 25%

= 100 x (25/100)

= 100 x 1/4

= $25

The amount paid = $100 - $25

= $75

**2. If a business has a profit margin of 20%, how much profit does it make for every $100 of revenue?**

a) $20

b) $25

c) $30

d) $35

**Answer:** a) $20

**Explanation:** Profit per $100 of revenue = Profit Margin x 100

In this case, the profit margin is 20%, so substituting that value into the formula we get:

Profit per $100 of revenue = 20% x 100

= 0.20 x 100

= $20

Therefore, the business makes a profit of $20 for every $100 of revenue.

**3. If a test has 10 questions and you got 8 correct, what percentage did you score?**

a) 80%

b) 75%

c) 70%

d) 60%

**Answer:** a) 80%

**Explanation:** The percentage score = (number of correct answers / total number of questions) x 100

(8/10) x 100 = 80%

**4. Suppose your total revenue this week is $1,000, and your cost of goods sold is $700. What would be the value of gross profit margin per cent?**

a) 10%

b) 20%

c) 30%

d) 40%

**Answer:** c) 30%

**Explanation:** Gross Profit = Total Revenue - Cost of Goods Sold

Gross Profit = $1,000 - $700

Gross Profit = $300

Now we can calculate the gross profit margin using the formula above:

Gross Profit Margin = (Gross Profit / Total Revenue) x 100

Gross Profit Margin = ($300 / $1,000) x 100

Gross Profit Margin = 30%

Therefore, the gross profit margin for this week is 30%.

**5. A student got 40 out of 50 in a test, what percentage did he score?**

a) 90%

b) 80%

c) 70%

d) 60%

**Answer:** b) 80%

**Explanation:** Percentage score = (Marks obtained / Total marks) x 100

= (40/50) x 100

= 80%

**6. If a product is marked up by 50%, what is the selling price if the cost price is $100?**

a) $150

b) $125

c) $110

d) $100

**Answer:** a) $150

**Explanation:** Markup Percentage = 50/100 = 0.5

Selling Price = Cost Price x (1 + Markup Percentage)

Selling Price = $100 x (1 + 0.5)

Selling Price = $100 x 1.5

Selling Price = $150

**7. If the cost price of an item is $50 and the selling price is $40, what is the percentage loss?**

a) 20%

b) 25%

c) 30%

d) 35%

**Answer:** a) 20%

**Explanation:** Percentage loss = ((cost price - selling price) / cost price) x 100

(($50 - $40) / $50) x 100 = 20%

**8. If a business has a profit percentage of 50%, what does this mean in relation to its revenue and cost?**

a) The business is making a 50% profit on its revenue.

b) The business is losing 50% of its revenue.

c) The business is making a 50% profit on its cost.

d) The business is losing 50% of its cost.

**Answer:** a) The business is making a 50% profit on its revenue.

**9. If a student scores 75% in an exam, what is the equivalent CGPA on an 8-point scale?**

a) 5.0

b) 5.5

c) 6.0

d) 6.5

**Answer:** c) 6.0

**Explanation:** CGPA = (Percentage/100) x Maximum CGPA

CGPA = (75/100) x 8 = 0.75 x 8 = 6

**10. How would you convert 75% to a fraction?**

a) 3/4

b) 2/5

c) 1/2

d) 5/6

**Answer:** a) 3/4

**Explanation:** 75% = 75/100

= 3/4

Therefore, 75% is equivalent to 3/4 as a fraction.

**1. If the price of a car decreased from $20,000 to $16,000, what is the percentage decrease?**

a) 15%

b) 20%

c) 25%

d) 30%

**Answer:** (b) 20%

**2. If a shirt originally cost $50 and is now on sale for $40, what is the percentage discount?**

a) 10%

b) 15%

c) 20%

d) 25%

**Answer:** (c) 20%

**3. A company's profit margin is 25%. If the company's revenue is $80,000, how much profit did it make?**

a) $20,000

b) $60,000

c) $20,800

d) $22,000

**Answer:** (a) $20,000

**4. If a pizza originally had 8 slices and you ate 2 slices, what percentage of the pizza did you eat?**

a) 20%

b) 25%

c) 30%

d) 40%

**Answer:** (b) 25%

**5. If a company's expenses are $50,000 and its revenue is $80,000, what is the company's profit margin per cent?**

a) 20%

b) 37.5%

c) 60%

d) 80%

**Answer:** (b) 37.5%

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