This quiz works best with JavaScript enabled. Home > Unit V Mathematical Reasoning And Aptitude > Profit And Loss – Quiz 14 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Profit And Loss Quiz 14 (10 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. Find the loss of an item that cost $ 190 and sold for $ 175. A) $ 25. B) $ 15. C) -$ 15. D) $ 30. Show Answer Correct Answer: B) $ 15. 2. Find the selling price, when:CP=Rs.600, profit = 13 % A) Rs. 622. B) Rs. 522. C) Rs. 978. D) Rs. 678. Show Answer Correct Answer: D) Rs. 678. 3. Ben bought a hoverboard for S45000 and sold it for S34000. Is it a profit or a loss? A) Profit. B) Loss. C) Don't know. D) None of above. Show Answer Correct Answer: B) Loss. 4. A merchant marks his goods up by 75% above his cost price. What is the maximum % discount that he can offer so that he ends up selling at no profit or loss? A) 75%. B) 46.67%. C) 300%. D) 42.85%. Show Answer Correct Answer: D) 42.85%. 5. CP = Rs 5000, Loss = Rs 500, What will be SP? A) Rs 4500. B) Rs 5500. C) Rs 6000. D) Rs 6500. Show Answer Correct Answer: A) Rs 4500. 6. Shopkeeper marks his goods at Rs 2,000. Now after allowing a discount of 25%, he gains 50%. Find the cost price of the article. A) 750. B) 500. C) 250. D) 1000. Show Answer Correct Answer: D) 1000. 7. An item was sold at a loss of 12%. If it was sold for ' 49 more, then there would be a profit of 2%. The cost price of the item is ' ..... A) 325. B) 300. C) 375. D) 350. Show Answer Correct Answer: D) 350. 8. If S.P is more than C.P then what will be the result? A) Loss. B) Profit. C) Expenses. D) None. Show Answer Correct Answer: B) Profit. 9. If the CP is less than the SP, then there will be a loss. A) True. B) False. Show Answer Correct Answer: B) False. 10. By selling a cellphone for Rs.2400, a shopkeeper make a profit of 25%. Then, his profit percentage, if he had sold it for Rs.2040, is A) 5.75%. B) 3.25%. C) 6.25%. D) 6.5%. Show Answer Correct Answer: C) 6.25%. ← 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 10 🏠 Back to Homepage 📘 Download PDF Books 📕 Premium PDF Books