This quiz works best with JavaScript enabled. Home > Unit V Mathematical Reasoning And Aptitude > Profit And Loss – Quiz 10 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Profit And Loss Quiz 10 (10 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. The owner loses 20% when he sells a plot for '19,50,000. At what price must he sell the plot in order to gain a profit of 20%? A) '22,50,000. B) '21,00,000. C) '29,25,000. D) '25,95,000. Show Answer Correct Answer: C) '29,25,000. 2. If selling price = ₹ 480 and profit = 20%, cost price =? A) ₹ 400. B) ₹ 420. C) ₹ 460. D) ₹ 440. Show Answer Correct Answer: A) ₹ 400. 3. A man buys a table for Rs. 2,800 and sells it at a loss of 30%. The selling price (in Rs.) of the table is ..... A) 1,890. B) 1,960. C) 1,440. D) 1,770. Show Answer Correct Answer: B) 1,960. 4. The P&L account shows the historical performance of a business. There is no guarantee that future performance is linked to past performance or success. A) LIMITATION OF P & L ACCOUNTS. B) BENEFIT OF P&L ACCOUNTS. Show Answer Correct Answer: A) LIMITATION OF P & L ACCOUNTS. 5. What is the amount at which the product is to be sold? A) Cost Price. B) Selling Price. C) Net Sale. D) Profit. Show Answer Correct Answer: B) Selling Price. 6. Akhil purchased 70kg vegetable at Rs. 420, then sold them at the rate of Rs. 6.50 per kg, find the profit percent. A) 8.33%. B) 7.33%. C) 6.33%. D) 5.33%. Show Answer Correct Answer: A) 8.33%. 7. If a seller bought a watch for $ 200 and sold it for $ 180, what is the loss percentage? A) 10%. B) 15%. C) 20%. D) 5%. Show Answer Correct Answer: A) 10%. 8. A chair was bought for $ 700.00 and sold for $ 90.00. What was the loss in dollars? A) $ 610.00. B) $ 600.00. C) $ 61.00. D) $ 6.00. Show Answer Correct Answer: A) $ 610.00. 9. A book is sold for Rs.27.50, with a profit of 10%.If it were sold for Rs.25.75 then what would have been percentage of profit or loss? A) Profit of 3%. B) Loss of 13%. C) Loss of 3%. D) Profit of 13%. Show Answer Correct Answer: A) Profit of 3%. 10. An engineer spent Php 24,500 to assemble a computer. He sold it at a profit of Php 8,250. At what price did he sell it? A) 31,950. B) 32,750. C) 32,850. D) 30,950. Show Answer Correct Answer: B) 32,750. ← PreviousNext →Related QuizzesProfit And Loss Quiz 1Profit And Loss Quiz 2Profit And Loss Quiz 3Profit And Loss Quiz 4Profit And Loss Quiz 5Profit And Loss Quiz 6Profit And Loss Quiz 7Profit And Loss Quiz 8Profit And Loss Quiz 9Profit And Loss Quiz 11 🏠 Back to Homepage 📘 Download PDF Books 📕 Premium PDF Books