Percentage Profit/Loss/Discount (Junior Cert Mathematics): Quizzes

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Percentage Profit/Loss/Discount
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What does percentage profit show?

Profit as % of cost price

What is the formula for calculating profit?

Selling Price−Cost Price\text{Selling Price} - \text{Cost Price}

Which formula calculates percentage profit?

ProfitCost Price×100\frac{\text{Profit}}{\text{Cost Price}} \times 100

A shop buys a jacket for €80 and sells it for €100. What is the percentage profit?

25%

When does profit happen?

When selling price > cost price

What is the formula for calculating loss?

Cost Price−Selling Price\text{Cost Price} - \text{Selling Price}

Which formula calculates percentage loss?

LossCost Price×100\frac{\text{Loss}}{\text{Cost Price}} \times 100

Shoes bought for €50 are sold for €40. What is the percentage loss?

20%

What is the formula for calculating discount?

Original Price−Sale Price\text{Original Price} - \text{Sale Price}

A coat originally costs €60 and is on sale for €45. What is the percentage discount?

25%

When calculating percentage discount, what should be used as the denominator?

The original price

What should you divide by to find percentage profit or loss?

The cost price

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