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

https://quizizz.com/print/quiz/63880e7602cb7b001d44a24e 1/4
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%

https://quizizz.com/print/quiz/63880e7602cb7b001d44a24e 2/4
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%
https://quizizz.com/print/quiz/63880e7602cb7b001d44a24e 3/4
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

https://quizizz.com/print/quiz/63880e7602cb7b001d44a24e 4/4