Profit And Loss Quiz 13 (10 MCQs)

Quiz Instructions

Select an option to see the correct answer instantly.

1. By selling a shirt for N540, a loss of 25% was made. Find the cost price of the shirt.

Correct Answer: A) N720.

2. Cost price of x products is equal to selling price of 56 products where the profit is 14.28%.what is the value of x?

Correct Answer: B) 64.

3. What was the selling price of the bat that Ben bought for $ 75.25 and sold at a profit of $ 25?

Correct Answer: D) $ 100.25.

4. If loss is Rs.500 and S.P is Rs.2599 then the C.P is .....

Correct Answer: C) 3099.

5. A shopkeeper buys a television for $ 150 and sells it for $ 240. What is the percentage profit?

Correct Answer: C) 60%.

6. A product is sold at a profit of 10%, and then the selling price is increased by 20%. What is the net profit percentage?

Correct Answer: B) 32%.

7. Naresh bought 4 dozen pencils at Rs 10.80 a dozen and sold them for 80 paise each. Find his gain or loss percent.

Correct Answer: B) L% =11.11%.

8. When is a product selling at a loss?

Correct Answer: B) Cost price > Selling price = Loss.

9. SP = Rs. 30, Loss = Rs. 6, CP =?

Correct Answer: B) Rs. 36.

10. A table was sold at 10% profit for $ 55. What was the cost price?

Correct Answer: D) $ 50.