Word Problems Profit & Loss Mock Tests

A shopkeeper marks up the price of an item by 50% above cost price, then offers a discount of 20% on the marked price. What is the profit percentage?

A merchant sells two watches for $120 each. On one watch, he makes a 20% profit. On the other, he incurs a 20% loss. What is the overall profit or loss on the entire transaction?

A retailer buys a product for $60 and marks it up by 40%. He then offers a 10% discount on the marked price. What is the profit?

A merchant buys an item for $80 and sells it for $100. What is the profit percentage based on the cost price?

A product is sold at a 20% profit on the cost price. If the cost price was 10% lower and the selling price remained the same, what would be the new profit percentage based on the reduced cost price?