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    Consumer Arithmetic Quiz

    Uploaded by

    Laura C. Gervais
    This document contains a 20 question consumer arithmetic quiz about topics like profit, loss, discounts, sales tax, and percentages. The questions test understanding of key concepts like calculating profit percentage, defining loss, applying discounts and sales tax, and solving word problems involving percentage increases and decreases. The quiz is aimed at assessing a student's grasp of basic financial and mathematical concepts commonly encountered when shopping and running a business.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd

    Consumer Arithmetic Quiz

    Uploaded by

    Laura C. Gervais
    39 views4 pages
    This document contains a 20 question consumer arithmetic quiz about topics like profit, loss, discounts, sales tax, and percentages. The questions test understanding of key concepts like calculating profit percentage, defining loss, applying discounts and sales tax, and solving word problems involving percentage increases and decreases. The quiz is aimed at assessing a student's grasp of basic financial and mathematical concepts commonly encountered when shopping and running a business.

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    © © All Rights Reserved

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    This document contains a 20 question consumer arithmetic quiz about topics like profit, loss, discounts, sales tax, and percentages. The questions test understanding of key concepts like calculating profit percentage, defining loss, applying discounts and sales tax, and solving word problems involving percentage increases and decreases. The quiz is aimed at assessing a student's grasp of basic financial and mathematical concepts commonly encountered when shopping and running a business.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    39 views4 pages

    Consumer Arithmetic Quiz

    Uploaded by

    Laura C. Gervais
    This document contains a 20 question consumer arithmetic quiz about topics like profit, loss, discounts, sales tax, and percentages. The questions test understanding of key concepts like calculating profit percentage, defining loss, applying discounts and sales tax, and solving word problems involving percentage increases and decreases. The quiz is aimed at assessing a student's grasp of basic financial and mathematical concepts commonly encountered when shopping and running a business.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
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    11/30/22, 10:19 PM Consumer Arithmetic Quiz

    NAME : 
    CLASS : 
    Consumer Arithmetic Quiz
    20 Questions DATE  : 

    1. The term used to describe money gained after a sale.

    A profit  B cost price

    C selling price D loss

    2. What is the profit percent if a shopkeeper buys a football for $12 and sells it for $15?

    A 20% B 25%

    C 80% D 50%

    3. What is the percentage profit if Tony buys a watch for $50 and sells it for $60?

    A 25% B 16.6%

    C 20% D 16.7%

    4. What is formulae to calculate profit percentage?

    C.P profit
    A Profit% = × 100% B Pr ofit% =
    C.P .
    ​

    profit
    ​

    profit profit
    C Profit% = × 100% D Profit% = × 100%
    S.P . C.P .
    ​ ​

    5. What is meaning of loss?

    Difference between marked price and


    A B All of the above
    selling price

    Difference between selling price and cost Difference between cost price and marked
    C D
    price price

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    11/30/22, 10:19 PM Consumer Arithmetic Quiz

    6. If the CP is less than the SP, then there will be a loss.

    A False B True

    7. You want to buy a shirt.  The original price was $27, and the sale says 25% off.  How much
    will pay for the shirt?

    A 0.25 B 6.75

    C 33.75 D 20.25

    8. Discount is ____________ from the price.

    A multiplied to B added

    C subtracted D divided

    9. What is the total cost with sales tax?


    Price $120.00
    Tax 5%

    A $126.00 B $6.00

    C $123.00 D $135.00

    10. Sales tax is __________ to the price

    A added B multiplied

    C divided D subtracted

    11. A television that usually sells for $750 has been reduced by 20%. How much will it cost now?
    *

    A $650 B $900

    C $600 D $750

    12. A retailer buys a washing machine for $550 and sells it for $594. What is the percentage
    profit on this sale?

    A 8% B 5%

    C 10% D 44%

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    11/30/22, 10:19 PM Consumer Arithmetic Quiz

    13. What is the value of 150% of 120?

    A $60 B $180

    C $200 D $150

    14. What is the fraction 1/20 expressed as a percentage?

    A 12% B 0.5%

    C 1.2% D 5%

    15. A pencil is on sale for $0.60. How much does the pencil cost after a 5% sales tax?

    A $0.63 B $0.81

    C $0.92 D $0.65

    16. Jake buys a shirt marked at $80. He receives a 10 percent discount. How much does he pay
    for the shirt? *

    A $74 B $54

    C $72 D $70

    17. The cost of an article is $40 and the profit is 20 percent of the cost price. What is the selling
    price of the article? *

    A $48.00 B $60.00

    C $50.00 D $40.20

    18. A painting was bought for $2,500 and sold for $4,000. As a percentage of the cost price,
    what would be the profit made? *

    A 15% B 60%

    C 37.5% D 1500%

    19. Mary's income dropped from $50,000 annually to $40,000 annually. What was the percent
    decrease in her income? *

    A 20% B 15%

    C 10% D 25%
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    11/30/22, 10:19 PM Consumer Arithmetic Quiz

    20. Bridget wants to buy a pair of shoes that are on 40% sale. If the original price is $60, then
    how much do the shoes cost after the discount?

    A $20 B $24

    C $36 D $84

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